Tech and Small Caps Lead as Q2 Ends By Almanac Trader | June 26, 2017
Over the past 21 years the last three trading days of the second quarter have been bullish. This three-consecutive-day period has accumulated average gains ranging from 0.4% for DJIA to 1.4% by Russell 2000. The most consistent source of gains has come from NASDAQ and Russell 2000, both advancing 81% of the time during the period. S&P 500 is a close second with gains 71.4% of the time while DJIA has advanced just 52.4% of the time. Dependable gains by tech and small-caps are likely the result of traders and investors bidding up shares in anticipation of solid Q2 earnings. The 3-day span is also the start of NASDAQ’s Mid-Year Rally.
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