Will the Markets Heat Up with the Start of Summer?

Sunday was the official start of summer as the summer

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AP

solstice, the day when the Earth's axis is most inclined toward / away from the sun, occurred.

Here are the historical averages for the markets and last year's biggest gainers between the summer solstice and the autumnal equinox:

Dowfrom summer solstice to autumnal equinox (since 1901):

  • Avg gain of 1.7%
  • Up 64.5% of the time, with an avg gain of 7.2% when up
  • Biggest gain in 1932 - up + 58.7%
  • Biggest loss in 1931 - down - 26.1%
  • Biggest gainers last summer:
    • Bank of America (BAC) up +26.0%
    • Kraft (KFT) up + 13.3%
    • McDonald's (MCD) up +9.0%
    • JP Morgan Chase (JPM) up +7.8%
    • Proctor & Gamble (PG) up +7.7%

S&P from summer to autumn (since 1928):

  • Avg gain of 1.7%
  • Up 60.5% of the time, with an avg gain of 7.6% when up
  • Biggest gain in 1932 - up + 76.1%
  • Biggest loss in 1931 - down - 25.4%
  • Biggest gainers last summer:
    • MBIA (MBI) up +117.4%
    • Fifth Third (FITB) up + 68.2%
    • First Horizon (FHN) up +63.7%
    • BB&T (BBT) up +58.8%
    • Zions (ZION) up +47.2%

NASDAQ from summer to autumn (since 1971):

  • Avg gain of 0.22%
  • Up 60.5% of the time, with an avg gain of 7.7% when up
  • Biggest gain in 1980 - up + 25.2%
  • Biggest loss in 2001 - down - 30.9%
  • Biggest gainers last summer (NASDAQ 100):
    • Sears Holdings (SHLD) up +29.5%
    • Amgen (AMGN) up + 27.4%
    • Stericycle (SRCL) up +17.3%
    • Express Scripts (ESRX) up +17.1%
    • O'Reilly Auto (ORLY) up +12.5%

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