That analysis suggested that this June could produce above average market gains.
Nearly two weeks ago we examined the history of June market performance after a down May following a strong January to April. That analysis suggested that this June could produce above average market gains. Thus far, the market has not disappointed. As of today’s close, DJIA (NYSEARCA:DIA)is up 5.03% already this June. NASDAQ (NYSEARCA:QQQ) is second best, up 4.96%. S&P 500 (NYSEARCA:SPY) and Russell 1000 are 4.89% higher. Russell 2000(NYSEARCA:IWM) is the laggard of the group, higher by a still respectable 3.96%. The true test for the market will arrive in the second half of the month as the end of the quarter nears. Historically, the second half of June has not been great for the market.