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Friday, June 23, 2017 8:33:05 AM
Post-Election Year Julys Have Been Hot
By Almanac Trader | June 22, 2017
July may be the best performing month of the third quarter, but the mostly negative results in August and September make the comparison easy. Two “hot” Julys in 2009 and 2010 where DJIA and S&P 500 both gained greater than 6% and a strong performance in 2013 have boosted July’s average gains since 1950 to 1.2% and 1.0% respectively. Such strength inevitability stirs talk of a “summer rally”, but beware the hype, as it has historically been the weakest rally of all seasons (page 72, Stock Trader’s Almanac 2017).
Post-election year Julys rank at or near the top of all post-election year months. DJIA and S&P 500: +2.2%, #1 (since 1953); NASDAQ (since 1973): +3.4% and Russell 2000 (since 1981): +3.1% #2. Delving deeper into this data reveled that many of these past “hot” Julys were preceded by a flat or down first half of the year so there is no guarantee that this July will live up to its historical post-election year record again this year.
http://jeffhirsch.tumblr.com/post/162137982453/post-election-year-julys-have-been-hot
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By Almanac Trader | June 22, 2017
July may be the best performing month of the third quarter, but the mostly negative results in August and September make the comparison easy. Two “hot” Julys in 2009 and 2010 where DJIA and S&P 500 both gained greater than 6% and a strong performance in 2013 have boosted July’s average gains since 1950 to 1.2% and 1.0% respectively. Such strength inevitability stirs talk of a “summer rally”, but beware the hype, as it has historically been the weakest rally of all seasons (page 72, Stock Trader’s Almanac 2017).
Post-election year Julys rank at or near the top of all post-election year months. DJIA and S&P 500: +2.2%, #1 (since 1953); NASDAQ (since 1973): +3.4% and Russell 2000 (since 1981): +3.1% #2. Delving deeper into this data reveled that many of these past “hot” Julys were preceded by a flat or down first half of the year so there is no guarantee that this July will live up to its historical post-election year record again this year.
http://jeffhirsch.tumblr.com/post/162137982453/post-election-year-julys-have-been-hot
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Click on "In reply to", for Authors past commentaries
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
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