Summer Doldrums Tend To Hit Stock Market In August, Low To Negative Returns Historically
Portfolio Pulse from Cory Mitchell
August is historically a weak month for stock market returns, with major indices like the S&P 500, Nasdaq 100, and NYSE Composite showing low to negative average returns. The SPDR S&P 500 ETF (SPY) and Invesco QQQ Trust (QQQ) reflect these trends. Investors should consider seasonality as one of many factors in their trading decisions.
July 30, 2024 | 4:13 pm
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NEUTRAL IMPACT
The Invesco QQQ Trust (QQQ) has historically shown low returns in August, moving up only 55% of the time with an average gain of 0.7%.
Historical data indicates that QQQ has a low probability of significant gains in August, with only a 55% chance of moving up and an average gain of just 0.7%. This suggests a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) has historically shown low returns in August, moving up only 60% of the time with an average gain of 0.1%.
Historical data indicates that SPY has a low probability of significant gains in August, with only a 60% chance of moving up and an average gain of just 0.1%. This suggests a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100