The Market Generally Performs Better In Early July Than Any Other Part Of The Year
Portfolio Pulse from Hayden Buckfire
The first 10 trading days of July have historically been the strongest period for the S&P 500, with an average gain of 1.5% since 1928. The SPDR S&P 500 ETF Trust (SPY) has benefited from this trend, showing consistent gains in the past five years. This period is considered favorable for the stock market, although some analysts warn of potential pullbacks.
July 01, 2024 | 7:09 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) has historically performed well in the first 10 trading days of July, with an average gain of 1.5% since 1928. This trend has been consistent over the past five years, making this period favorable for SPY investors.
Historical data shows that the first 10 trading days of July have been the strongest for the S&P 500, with SPY benefiting from this trend. Consistent gains over the past five years further support a positive short-term outlook for SPY.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100