Will the Markets Heat Up with the Start of Summer?
By: 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%
Comments? Send them to bythenumbers@cnbc.com
Sunday was the official start of summer as the summer 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:
