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Wednesday, June 28, 2023 7:55:06 AM
July Historically Opens Strong, But Fades After Mid-Month
By: Almanac Trader | June 27, 2023
July is the third month of DJIA’s and S&P 500’s “Worst Six Months” and the first month of NASDAQ’s “Worst Four Months.” Dynamic trading often accompanies the first full month of summer as the beginning of the second half of the year brings an inflow of new capital. But by around mid-month, inflows have faded and the market’s performance in July usually peaks. This tends to create a strong open and first half. In all the years examined the major indexes tend to reach a peak around mid-month and then drift sideways to slightly lower for the remainder of the month. In pre-election years since 1950, the mid-month peak and second half declines have more pronounced especially for NASDAQ and Russell 2000.
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DiscoverGold
By: Almanac Trader | June 27, 2023
July is the third month of DJIA’s and S&P 500’s “Worst Six Months” and the first month of NASDAQ’s “Worst Four Months.” Dynamic trading often accompanies the first full month of summer as the beginning of the second half of the year brings an inflow of new capital. But by around mid-month, inflows have faded and the market’s performance in July usually peaks. This tends to create a strong open and first half. In all the years examined the major indexes tend to reach a peak around mid-month and then drift sideways to slightly lower for the remainder of the month. In pre-election years since 1950, the mid-month peak and second half declines have more pronounced especially for NASDAQ and Russell 2000.
Read Full Story »»»
DiscoverGold
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