The days and weeks of the year for the stock market are fast approaching.
If it is any guide, it suggests that the S
The bank said in a note this month that since 1928, the most productive days of the year have occurred in the first two weeks of July.
“Since 1928, July 3 has a positive impact rate for the S&P (72. 41%), followed by July 1 (72. 06%) and other statistically significant trading days in the first two weeks of July,” said the CEO of Goldman Sachs. . » said Scott Rubner.
The average gain of the S
“The first 15 days of July were the two-week trading era of the year since 1928,” Rubner said.
Additionally, market trends show that July overall has been incredibly bullish for the stock market.
“These statistics are amazing for NDX over the last 16 years,” Rubner said of the Nasdaq 100. “NDX has been positive for 16 consecutive Julys with an average retracement of 4. 64%. ”
Meanwhile, the S&P 500 index has been positive for nine consecutive Julys, returning an average recovery of 3. 66%.
If seasonal trends were to occur this year, a gain of about 4% would boost the S
As for what could lead to more bullish returns in the coming weeks, Rubner noted that a record reserve of more than $7 trillion in cash market budget could soon flood the market.
Additionally, passive equity allocations may simply generate flows into equities as end-of-quarter and second-half rebalancing schedules begin in early July.
“New quarter (Q3), new part of the year (H2), is when a wall of cash temporarily hits the stock market,” Rubner said.
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