"Worst losses of the year!" To show you how wonderful 2013 has been for the bulls, a loss of 0.4% is the worst loss of the year for the S&P 500. While the damage was actually worse under the surface this index has been particularly strong in January. We don't often post the Russell 2000 chart which focuses on small caps but that index was down a substantial 1.15% to tack onto NASDAQ's 0.36%. Thus far this is still a very small pullback in a market that has come a long way but there are some subtle changes under the surface. In news today, fourth quarter GDP came in at a sparse -0.1%, mostly as exports and federal government spending on defense disappointed. Also the Federal Reserve had its announcement but there was little new there. Original post: STTG Market Recap January 30, 2013