From retail sales to housing, we're seeing a real rebound in the economy. I discussed this and more yesterday on CNBC’s Power Lunch.

The idea behind the old adage “as goes January, so goes the year” is this: if the market closes up in January, it will be a good year; if the market closes down in January, it will be a bad year. In fact, it is one of the more reliable of the market saws, having been right almost 9 times out of 10 since 1950. Last year, January saw gains of 7.9 percent for the S&P 500 (the best January since 1987), predicting a very good year. Indeed, that is just what we got.

The year started with a slight setback, with both U.S. and international markets down. Some of this poor performance was driven by fear over the coronavirus. Although the virus is something to watch, it's not likely to be a long-term risk. Indeed, economic growth in the U.S. has been steady, and business and consumer confidence have improved.

Yesterday I appeared on Yahoo Finance’s On the Move to discuss the impact of coronavirus on the market. Listen in to hear more.

Last week, results came in mixed for the large number of data releases. Highlights included better-than-expected results for two major consumer surveys and fourth-quarter GDP growth. This week, the focus will be on the business side of the economy, with updates on manufacturer and nonmanufacturer confidence, international trade, and employment all on tap.

Here on the blog, Brad often writes about gratitude. The things he gives thanks for range from the seemingly trivial (watching his cats wrestle) to the profound (health, family, and happiness). Often, he mentions that he jots down three things for which he’s grateful every day. In reading these posts, what strikes the strongest chord with me is seeing things through the lens of “getting to” rather than “having to.” It has very much influenced how I try to navigate the intricacies of modern life and the stresses that come along with it. I get to go to work and do something I love. My wife suggested there’s another wrinkle to it and added “celebrate.” As in, I get to go to the gym and celebrate with 30 minutes on the treadmill. Sounds trite, but it helps.

Two Fridays ago, the S&P 500 hit its closing record. About two weeks ago, the Dow cracked 29,000 for the first time. At the time, the headlines were all about how high the markets could go—and how quickly. But after the past couple of days, with the markets experiencing renewed volatility, we’ve started hearing much less about the new stock market records. Instead, the headlines are all about the risks, which certainly include the coronavirus, but also the impeachment trial and Brexit.

After years of drama, headlines, predictions of doom, multiple elections, and so forth, we are finally (almost) there: Brexit day. On Friday, the British flag will be lowered outside European Union (EU) buildings as Britain formally exits the union. And so the post-Brexit world will begin.

Brad here. One of the hot topics in investing is sustainability—expressed as either socially responsible investing (SRI) or environmental, social, and governance (ESG) investing. Recently, major players have doubled down on their commitment to sustainability, although Commonwealth has been here for years. In this post, Peter Essele, vice president of investment management and research, gives a very good summary of what is happening—and what we are doing about it.

Last week was very quiet on the economic update front, with only the release of December’s existing home sales report during the holiday week. This week will be quite another story, with six major releases scheduled. Highlights include both major consumer confidence surveys, as well as the first look at fourth-quarter GDP growth.