Deutsche Bank strategist Henry Allen and others pointed out that recent data shows that the first trading day is extremely limited in guiding the trend of US stocks throughout the year. In fact, “After reaching a record high on the first trading day of 2022, the index immediately fell into a bear market, the worst annual performance since 2008. Regardless of today's trends, we should not overinterpret the first day's fluctuations.”

Deutsche Bank strategist Henry Allen and others pointed out that recent data shows that the first trading day is extremely limited in guiding the trend of US stocks throughout the year. In fact, “After reaching a record high on the first trading day of 2022, the index immediately fell into a bear market, the worst annual performance since 2008. Regardless of today's trends, we should not overinterpret the first day's fluctuations.”