July is one of the best months for a stock market rally, on average. And August is close behind.
The Dow rally in July produced stellar results—up 2.5%. Now it’s August’s turn.
The Dow’s average July performance is a gain of 1.4%. For August it is another 1.1%. The Dow’s average gain during the other 10 months of the calendar is just 0.5%.
Some investors are surprised to learn that July and August are some of the strongest months of the year for the #stock market. That might be because July and August suffer from being sandwiched between seasonally weak two-month periods.