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Will the Markets Heat Up with the Start of Summer?

Sunday was the official start of summer as the summer

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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