June

[dan_s]

June is a tough month for stocks in recent years. The Dow started the month with a big plunge, reacting mostly to disappointing job creation in the latest ADP report. The prevalent assumption is that the pace of the recovery slowed this spring but may pick up by fall. We'll need some pleasant surprises this month to turn that assumption on its head. Since 2000, June has actually been the Dow's weakest month (-2.31%). Average June returns for all ten sectors of the S&P 500 have also been negative since 2000.