Over
the past 21 years from 2001-2021 July’s first trading has the second-best record
up 85.7% of the time on the S&P 500 with an average gain of 0.35%. Only August’s
third to last trading has a better record up 19 of 21.

DJIA’s
first trading day of July has produced gains 76.2% of the time with an average
gain of 0.30%. NASDAQ has been slightly weaker at 76.2% (0.24% average gain). July’s
first trading day is the third best performing first trading day of all twelve
months based upon DJIA points gained with DJIA gaining a cumulative 1,346.32 points
since 1998.

Looking
back even further to 1989, S&P 500 has advanced 87.9% of the time (up 20
times in 33 years) with an average gain of 0.49%. DJIA has advanced 27 times in
the same 33 years (81.8%) and NASDAQ has risen in 25 of those years (75.8%) with
an average advance of 0.32% in all years. No other day of the year exhibits
this amount of across-the-board strength which makes a solid case for declaring
the first trading day of July the most bullish day of the year over the past 33
years.