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Most Bullish Day of the Year?

From the desk of Dan Seder, CFA, CMT, CFP®

The first trading day of July is the most bullish day of the year, with the S&P 500 posting a median gain of 0.54% over the last 21 years, according to Jeff Hirsh (@AlmanacTrader). This day has closed higher 85.7% of the time. Will 2020 continue to surprise us? Futures are pointing to a lower opening as we kick off July.