June 2023 & Beyond - Oily & Slicky To The Top I Believe.
@JC888:
Eons ago, June had been a weak month, second only to September. Good news is the bearish effect has dissipated over time. Using S&P 500 as a benchmark - for the last 50 years, the month of June has been up 30 times. Now for an even better news. The number would be even “higher” if S&P has been strong, going into June, like now. Isn’t this a wonderful piece of news to know? Hope that my attempt at S&P 500 “technical drawing” (see above) is able to support the good news mentioned above (if my life depends on it - LOL!). The deal to raise US debt ceiling has been passed by Congress (Hse Rep & Senate) and wrapped up by President Biden already over the weekend. The act alone (hopefully) could boost some of the unloved corners of the US stock market. This would be: Energy. Indust