New York (CNN Business) The last time stocks did this well in January, Tom Brady was a tween and Los Angeles Rams coach Sean McVay was a toddler. The S&P 500 and the Dow are each up more than 7% this month. The S&P 500 had its best monthly overall gain since October 2015, according to Jodie Gunzberg, head of US Equities at S&P Dow Jones Indices. It's an amazing turnaround for the market considering that December was the worst month for stocks in nearly 90 years. Investors were afraid that the Fed was hellbent on raising interest rates several times in 2019 even though there was little evidence of inflation becoming a problem anytime soon.

Source: CNN January 31, 2019 19:28 UTC