JUNE IS IN THE BOOKS; JULY TO THE RESCUE?

I was thinking for months now that we were riding the 2002 timeline all over again, barreling into recession. If that’s the case, July looms, as we decedent -8.6% in July of 2002 following a 13% rout in June.

Aside from 2002, the only time markets fell in July was in 2006.

The numbers for July are eye-opening. We have risen 14 years in a row in the patriotic month —- and the returns are impressive.

Data via Stocklabs

For June, heading into the final day of trade, I am up roughly 5%.