Chart of the Day - Wednesday, June 30th, 2021

Today’s Chart of the Day was shared by Ryan Detrick (@RyanDetrick). The first half of the year is in the books! It's been a particularly strong first half, with very little downside volatility. The S&P 500 is up about 14.4% over the past 6-months, and we haven't even had a pullback of 5% or more in that time. Ryan points out that a strong first half for the S&P 500, is often followed by a strong second half. According to his data, when the S&P 500 is up 12.5% or more in the first half, the second half returns an impressive median gain of 9.7%. In a separate note, Ryan also pointed out that Q3 is historically the worst quarter of the year. However, Q4 is the best quarter of the year. If history rhymes, any potential weakness in Q3 could prove to be a buying opportunity by the end of the year.