June Consolidation

12 july 2021 79
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Summer is a traditional period of hibernation for the stock market. And among the pacific months of summer, July is the calmest one.

Of course, this is true in cases when no influential or extreme situations happen. But next week, the US releases its inflation data which, in turn, can cause a higher volatility.

But in general, if you look at the history of S&P500 over the past 20 years and the Cboe Volatility Index (VIX), then you might be reassured to expect the market to remain flat until August. If the price of S&P reaches the 4250-4350 range, wait for it to return to 4360. 


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