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Ben Graham Centre · Dr. George Athanassakos

“Is the ‘January Effect’ a slam dunk this year?”

Dec 19, 2025

Published Article - New

In his latest Globe and Mail article titled "Is the 'January Effect' a slam dunk this year?" Dr. George Athanassakos argues that the typical strength of stocks at the beginning of the year is not a slam dunk. It all depends on institutional investors' expectations of the year ahead. And the news on this front is not good, as the market has been driven to record height levels this year by retail investors, not institutional investors, who have been sitting mostly on the sideline. The article also appeared in Globe Investor Magazine Online, under the same title on December 17, 2025. View PDF.