Even though June is historically a flat month, as of Thursday’s close, the Spyder Trust (SPY) is up 1.9%. Since 1950, stocks have been higher 32 years and down 32 years with an average loss of -0.10.
July has been a bit better since 1950 with an average gain of 0.86%. Of course, any historical pattern or data should not be acted upon without other confirming data. The Spyder Trust (SPY) is up just over 3% since the last day of April and has gained more in June, so those who sold either at the start or at the end of May have missed some opportunities.
One of the most important traits that successful investors must have is patience. With today’s 24-hour news cycle, this means not reacting to any one piece of news, whether it is political, economic or just the opinion of a hedge fund manager or analyst.
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