Think the banks might bounce back after the Brexit-triggered plunge in the Dow? Don't bet on it. You can't forget the Brexit. Going back to 2000, in instances when the Dow has moved down 5 percent or more over two trading sessions (like the Friday-to-Monday market anxiety), JPMorgan Chase and Goldman Sachs are the only of the 30 Dow stocks to not eke out a positive gain over the following month.
While the chart below shows the top five Dow stocks in the month after a major move down, some other Dow names were close: Pfizer, Exxon Mobil, Wal-Mart and United Technologies all posted gains of 6 percent or more. Visa and McDonald's, while not posting the best bounce-back numbers based on average return, were among the only six Dow stocks to be positive more than 80 percent of the time after a Dow plunge.