• The S&P 500 was up 6.2% in January. Since World War 2, when January has been an up month for the S&P 500 the index has averaged a further gain of 10.2% from February until the end of the year. When January has been a down month the S&P 500 has averaged a gain of just 2.1% for the remainder of the year. 
• Retiring 3 years before the age of 65 more than doubles the chances of not being able to meet retirement income needs. By working part-time for as little as 10 hours per week for 5 years after turning 65, retirees cut the chances of not having enough retirement income by more than half from 12% down to 5%.
• Since 1950 the average annual gain for stocks has been 9.1%, and the market was higher 73% of the time. Inflation greatly affects performance, with stocks having been higher 77% of the time during years when inflation was down. Additionally, 9 of the 12 worst years happened when inflation was on the rise.
• Over the past 5 years, investors added an estimated $64.6 billion to funds using ESG strategies to invest in U.S. stocks. ESG funds have 22.1% of their assets in technology but only 2.6% in energy. Last year ESG funds lost 19.7%, faring even worse than conventional funds, which fell 18.1%.

MFS - "Beyond the News"

Stansberry Research - "Two Reasons Why Stocks Can Soar"

WSJ - "‘Green’ Funds Cost Three Times More Than You Think"

Economic Calendar

Monday:

None scheduled

Tuesday:

International trade deficit (Dec), Fed Chair Jerome Powell speaks at Economic Club of Washington, Fed Vice Chair Michael Barr speaks, Consumer credit (Dec)

Wednesday:

New York Fed President John Williams speaks, Fed Gov. Lisa Cook speaks, Wholesale inventories (revision) (Dec), Fed Vice Chair Michael Barr and Atlanta Fed President Raphael Bostic speak, Minneapolis Fed President Neel Kashkari speaks, Fed Gov. Christopher Waller speaks

Thursday:

Initial jobless claims (Feb), Continuing jobless claims (Jan)

Friday:

UMich consumer sentiment index (early) (Feb), UMich 1-year inflation expectations (early) (Feb), UMich 5-year inflation expectations (early) (Feb), Fed Gov. Christopher Waller speaks, Federal budget balance (Jan), Philadelphia Fed President Patrick Harker speaks

Upcoming Earnings Calls

Monday - SPG, PINS, TSN, TTWO, CHGG

Tuesday - DD, BP, CMG, RCL, CARR

Wednesday - DIS, TM, CVS, UBER, YUM

Thursday- ABBV, PEP, AZN, PM, PYPL

Friday - HMC, GPN, ENB, NWL, IQV