Seasonal Tailwinds Are Fading 📈 The Chart Report
Chart of the Day
🏆 Today's Chart of the Day was shared by Day Hagan Asset Management.
Cycle composites are flashing a warning, with both the decennial and presidential cycles historically topping out around this time of the year.
The data points to a prolonged stretch of chop through the summer months before conditions begin to improve into Q4.
With that being said, these cycles aren't meant to be taken as signals, and are better used as context rather than conviction.
The Takeaway: Seasonals are turning from tailwind to headwind, suggesting the potential for a tougher tape in the months ahead.
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