Sizzling Moment For Stocks? S&P 500's Path To 5,600 'Achievable During Summer Rally,' Says Wall Street Analyst
As summer heats up, so does the stock market. The S&P 500, as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), has an intriguing historical seasonality pattern during presidential election years. Looking back to 1928, an analysis conducted by Bank of America shows that the S&P 500 often kicks off summer with a solid performance in early June, which sets a bullish tone that tends to carry through the summer months. “A late June lull could set up an early July rally,” says Stephen Suttmeier, CFA,
