July Has Historically Been A Great Month For Stocks, Technology And Consumer Discretionary Stocks Lead
Portfolio Pulse from Cory Mitchell
Historically, July has been a strong month for stock market performance, with the S&P 500 experiencing upward movement in 15 out of the last 20 years, a 75% success rate. The S&P 500 has averaged a 2.3% rally in July. This trend is also seen in the NYSE Composite and the Nasdaq 100 index. Technology and Consumer Discretionary stocks have been particularly strong sectors over the last three months.
July 03, 2023 | 1:48 pm
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POSITIVE IMPACT
The SPDR S&P 500 Trust (SPY) is likely to see upward movement in July, based on historical trends. Over the last 20 years, the S&P 500 has seen a 75% success rate of upward movement in July.
The article mentions that the S&P 500, which the SPDR S&P 500 Trust (SPY) tracks, has seen upward movement in 15 out of the last 20 years in July. This suggests a high likelihood of positive performance for SPY in July.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100