Reported 11 months ago
Goldman Sachs predicts the stock market's best time of the year is approaching, pointing to historical data showing positive trends in July. The Nasdaq 100 has been positive in July for 16 consecutive years, indicating a potential 4% surge for the S&P 500 to new record highs. The bank highlights that the first two weeks of July historically have the best days of the year for stock market gains, with July 3 having the highest positive return rate. Recent data also suggests that July as a whole has been bullish for both the Nasdaq 100 and the S&P 500, with high average returns over the past years. Factors such as a record cash pile in money market funds and upcoming quarter-end rebalancing could further drive stock market inflows and bullish returns in July.
Source: YAHOO