As we noted at the end of May, June is historically one of the weakest months of the year for the S&P 500 Index, and this weakness has been more pronounced over the past 10 years. Per Ryan Detrick, Senior Market Strategist, “Here’s the catch: Most of the weakness tends to happen during the second half of June. Who could forget Brexit late last June for instance? With Fed and Bank of Japan meetings on tap this week, could another dose of June volatility be in store? The big dip in technology on Friday could have been a warning signal, but nothing yet has been able to break the market out of its tranquility. The best bet could simply be the calendar.”
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