Getting ready for the July bull?
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BofA points out: "A late June lull could set up and early July rally. S&P 500 (SPX) seasonality for all years back to 1928 shows the first ten sessions of June as solid. The SPX rallied 2.92% over this period in June 2024. A potential lull could follow this strength given uninspiring seasonality over the last ten sessions of June and the tactical divergences highlighted last week. However, this pause can set up solid seasonality in <strong>early July, which is the strongest 10-day period of the year for the SPX</strong> with average and median returns of 1.54% and 1.91%, respectively."
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