A quick review: July 2023 closed up 3.11%.
From 1960, July 2023, ranked as the 23rd best of the 64 months of July placing it in the Top 36%. This is the 5th consecutive month we’ve closed up.
For August: Historically, Aug is the 2nd of the worst 3 Months, the 3rd of the worst 4 Months, and the 4th of the worst 6 Months of the year.
It has the 7th best win ratio at 59%
It has the 6th best average-of-all-gains at 3.25%
It has the 8th best average at .23%
It has the worst average-of-all-loses at -4.06%
Digging down into August.
The past 21 years have a 62% win ratio & during Presidential Cycle Year 3, we have a 67% win ratio (but this limited to 15 months of data).
For August (based on historical averages), buyers may want to step in at or below 4403, while sellers may want to step out at or above 4738.
Thanks for reading, have a great month!
