Which sectors do best during 'worst months of the year' - Stock Trader's Almanac
After a challenging April, the US equity market has shown a strong rebound in the first seven trading days of May, defying the typically subdued expectations for this month.
“Fueled by interest rate cut expectations, the market appears to have gotten ahead of itself and likely has pulled some gains forward while the historical seasonal trend for this time of year is only mildly positive,” it added. Other top performers in the "Worst Six" months include Healthcare and Consumer Staples, which outperformed the S&P 500. NASDAQ, which includes May and June in its "Best Eight Months," has also proven strong, posting gains 73.5% of the time, with an average gain of 4.65%.
It has declined in nine of the past eleven cycles, except for significant gains in 2012, 2019, and 2020. The NYSE ARCA Natural Gas Index was the last sector to record a loss, down 0.74%.
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