SteadyTapeQuantitative Market Research

ATH Follow-Through

A new June ATH led to a new July high 20/23 of years (July positive 61%, median +1.1%).

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When the S&P prints a new all-time high in a month, how often does it print another the next month? New highs cluster — and June→July is the strongest hand-off (a fresh June high has led to a new July high the large majority of years, with July positive nearly always).

June→July follow
20/23
new July ATH after a June ATH
July after June-ATH
+1.1%
61% positive
2026 June ATH?
yes
Sample
since 1950

When to run this study

Run when the S&P is at or near record highs, especially heading into July. Measures how often a new all-time high in one month is followed by another the next — new highs beget new highs. June→July is the strongest hand-off.

Historical results

June ATH → July: 20 of 23 years made a new July high

YearNew July ATH?July return
1950no0.80
1952yes1.80
1954yes5.70
1955yes6.10
1964yes1.80
1968yes-1.80
1983no-3
1985yes-0.50
1986yes-5.90
1987yes4.80
1990yes-0.50
1995yes3.20
1997yes7.80
1998yes-1.20
1999yes-3.20

Showing 15 of 24 rows — see the live version for all.