SPY News: Sizzling Moment For Stocks? S&P 500's Path To 5,600 'Achievable During Summer Rally,' Says Wall Stre - 20th Jun 2024, 1:00am

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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 c...

>>> Read more: Sizzling Moment For Stocks? S&P 500's Path To 5,600 'Achievable During Summer Rally,' Says Wall Street Analyst
 
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