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