Source: chanpipat / Shutterstock.com After a sizzling close to 2023, many investors are hoping the rally in tech stocks will continue into 2024. Some of that optimism is based on expectations that the January effect will occur. However, in every bull market, not every stock is a screaming buy. And that’s the reason for this list of tech stocks to avoid. The January effect is a market theory based on the idea that equities typically achieve larger gains in January than in any other month. However, since 1993, this theory has been accurate just over 50% of the time. And when it does, it tends to impact small-cap and mid-cap stocks more than large-cap stocks because they have less
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