The S&P 500 Just Had Its Worst July in 10 Years. History Says the Stock Market Will Do This Next.
The S 500 (SNPINDEX: ^GSPC) rocketed through roughly three dozen record highs and advanced 14.5% during the first six months of 2024. But a burgeoning rotation from large-cap stocks to small-cap stocks blunted that momentum in July.
As of 11:00 AM ET on July 31, the S 500 has advanced 1% in the month. The broad-based index was actually down 0.4% headed into the final trading session, but encouraging financial reports from AMD and Microsoft renewed investor confidence in the artificial intelligence boom.
Even so, the S 500 is headed toward its worst July since 2014. Compare its activity in the same month in previous years:
Source Fool.com