Chart of the Day - Monday, August 1st, 2022

August 1, 2022

Over the past decade July has been one of the best for stocks and that played out once again in 2022, with the S&P 500 up more than 9%.

But be aware that August (and September) tend to be weak months. pic.twitter.com/kzBSdefix3
— Ryan Detrick, CMT (@RyanDetrick) July 31, 2022

Today’s Chart of the Day was shared by Ryan Detrick (@RyanDetrick). The S&P 500 gained 9.11% in July, marking the best month since November 2020, and the best July since 1939. To be fair, the index dropped 8.39% in the prior month, so we're essentially flat since Memorial Day. Ryan points out that, on average, August & September have historically been more challenging than July. Will the S&P 500 sustain its recent momentum and buck its seasonal pattern? Or, will history rhyme?

Filed Under:

Seasonality,

$SPX,

S&P 500,

Ryan Detrick,

TCR Chart of the Day

Chart of the Day - Monday, August 1st, 2022

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