1. Since 1950, the S&P 500 has logged net gains during the first five days of the year 47 times. 2. The first five days of January and the 'January Barometer' are statistically notable, but its failure rate as an indicator for bearish outcomes is also noteworthy. 3. While Wall Street analysts continue to expect another bullish return year for stocks, December and January have been rather weak as markets consolidate the gains following the election.