CARR - Charts make the historical case for an S&P 500 summer rally: Alpha Tactics

Photo by Orientfootage/iStock via Getty Images Seasonality patterns going back to 1928 indicated that those who sell in May and go away miss out on a summer rally for the S&P 500 (SP500) (SPY) that is front-loaded in June and July, BofA says. "The average monthly SPX return for all months going back to 1928 is 0.63%," BofA technical analyst Stephen Suttmeier writes in a note. "May can have challenging seasonality given an average return of -0.04%, but average monthly returns improve in the summer months of June, July and August. June is up 57% of the time with an average return of 0.77%. July is up 59% of the time and is the strongest month of the year with an average return of 1.58%. August does reasonably well and is up 58% of the time with an average return of 0.70%." The returns tend to be front-loaded as well. For

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Charts make the historical case for an S&P 500 summer rally: Alpha Tactics