The past decade has brought particularly strong months of July for the S & P 500 , according to Carson Group. And the firm's chief market strategist expects a similarly good performance this year. In the past 10 years, the S & P 500 gained 3.3% in an average July, making it the best month on average for returns over the same time period, Carson data shows . By comparison, when looking all the way back to 1950, July is the fourth best month with an average return of just 1.
SPX 3M mountain The S & P 500 Detrick expects this year's performance for the trading month, which kicks off at Monday's open, to look more like a continuation of the past decade's trend than the longer-term historical average. Partly that's because there's already a summer rally taking place, which Detrick said has been driven by investor expectations for an improvement in the broad economy.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »