Breaking Stories

Market Prone to Late June Weakness

June is not a great month for the market in general. It’s
even weaker in midterm years. But the week after June Triple Witching is
horrendous. Down Triple Witching Weeks also tend to trigger more weakness the
week after.

But with S&P 500 down 10 of the last 11 weeks and down
11.3% to date, which would be the second worst June ever behind 1930, perhaps
some of the usual end-of-Q2 carnage has been pulled forward.

Any perceived improvement inflation, Russia/Ukraine war or
supply chains would be welcomed by the market. With the bear on the loose caution
and patience remain the best course of action. Happy Father’s Day to all the dads!
Hit ’em Straight!

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