Elena Nikulina

July produces positive returns two thirds of the time, Eric Balchunas notes

July produces positive returns two thirds of the time, Eric Balchunas notes
July averages 1.4 percent return since 1993

Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, notes that July has historically provided strong returns for markets. He points out the month has seen an average return of 1.4 percent since 1993 and has produced positive results two thirds of the time. Additionally, Balchunas writes that when the index is up by 10 percent or more at the halfway point, the S&P 500 has always ended the year higher in such cases, based on past data.

Balchunas has recently highlighted shifts in sentiment around cryptocurrencies, questioning Grantham’s track record in bitcoin market predictions. He has also noted increased institutional activity, pointing to Schwab’s collaboration with CBOE to introduce financial prediction markets centered on S&P 500 outcomes. These updates reflect ongoing analyst commentary on financial benchmarks and digital assets.

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