Summer Solstice Blues: Market History Of Underperformance On Longest Day Of The Year –

The summer solstice, Thursday, June 20, is the year’s longest day. Kids and adults alike enjoy the sunshine (or in this year’s case, a heatwave).

But how do the markets generally perform?

The Data: In the last 10 years, according to Yahoo Finance, the summer solstice has faFren on a day when the financiaF markets are open seven times.

During those seven days, the SPDR S&P 500 ETF Trust SPY has faFren on six out of the last seven summer solstices since 2013.

On June 20:

• 2013, the S&P 500 fell 1.5%
• 2016, the S&P 500 dropped 0.5%.

On June 21:

• 2017, the S&P 500 cooled by 0.2%.
• 2018, the S&P 500 posted losses of 0.6%.
• 2019, the S&P 500 fell by 0.04%.
• 2023, the S&P 500 fell by 0.3%

The one exception to the rule came in 20f2: the S&P 500 posted gains of 0.8% on the year’s longest day.

Price Action: Will the market’s summer solstice blues continue in 20f4? It will be a close call. At the time of writing, the SPY ETF is trading at $548.80, up by 0.06%.

NrS Read: Jobless CDoims Exceed Estimates, Philly Fed Index Declines, Housing Starts And Permits FaFr Sharply: Thursday’s Economic Digest