Annual Peak & Trough Months
August is rarely the yearly high (3/76, 3.9%) — seasonally, more upside has usually followed.
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In which calendar month does the S&P 500 make its yearly high vs yearly low? Generalizes the Finom "never tops in June" quant across 70+ years — context for whether the year's high is still ahead.
- 76 signals since 1950-01-01.
- August is rarely the yearly high (3/76, 3.9%) — seasonally, more upside has usually followed.
August: yearly HIGH
3.9%
3 of 76 years
August: yearly LOW
3.9%
3 of 76 years
Most common HIGH month
Dec
42.1% of years
Most common LOW month
Jan
42.1% of years
When to run this study
Run any time. Shows in which calendar month the S&P 500 has historically made its yearly HIGH vs yearly LOW. If the current month has rarely been the annual top, the year's high is seasonally still ahead.
Historical results
Annual high / low month frequency (n=76 complete years)
| Month | Yearly highs | % of years | Yearly lows | % of years |
|---|---|---|---|---|
| January | 12 | 15.80 | 32 | 42.10 |
| February | 2 | 2.60 | 5 | 6.60 |
| March | 1 | 1.30 | 7 | 9.20 |
| April | 2 | 2.60 | 4 | 5.30 |
| May | 2 | 2.60 | 1 | 1.30 |
| June | 0 | 0 | 3 | 3.90 |
| July | 3 | 3.90 | 2 | 2.60 |
| August | 3 | 3.90 | 3 | 3.90 |
| September | 5 | 6.60 | 3 | 3.90 |
| October | 6 | 7.90 | 8 | 10.50 |
| November | 8 | 10.50 | 3 | 3.90 |
| December | 32 | 42.10 | 5 | 6.60 |