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HomeStock MarketS&P 500 Has Never Peaked in JUNE. In the Past 74 Years....

S&P 500 Has Never Peaked in JUNE. In the Past 74 Years. Will Every Dip Be Bought?

S&P 500 Has Never Peaked in JUNE. In the Past 74 Years. Will Every Dip Be Bought?

Did you know? Since 1950, the S&P 500 has never peaked in JUNE. In the past 74 years, it peaked only three times each in both July and August.

As we enter the traditionally strong season for stocks, will investors keep buying every dip despite all-time highs, or could we witness a historic June peak for the first time? The Federal Reserve remains the wild card for the year.

May’s surprising pace of job growth and wage rise added to the conviction that the Federal Reserve will stay on hold through this summer and possibly beyond.

The Bureau of Labor Statistics reported today that nonfarm payrolls increased by 272,000 for the month, considerably higher than the Wall Street consensus of 190,000 and well above April’s comparatively muted gain of 165,000. In addition, average hourly earnings rose 4.1% over the past 12 months, more than expected.

submitted by /u/StatQuants
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