SteadyTapeQuantitative Market Research

July After Strong Spring, Weak June

2026: green April & May (+10.4% / +5.1%) then red June (-1.1%) — July has rebounded 73% of the time historically. Median Jul forward: +3.1%. Strong-spring / weak-June setup — July has historically rebounded.

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When the S&P 500 gained in both April and May but fell in June, the following July has historically rebounded — ~75% positive, ~+2.6% median since 1950. The conditional cousin of the both-green barometers, framing July as the bullish-defense rebound month.

2026 Apr/May/Jun
+10.4 / +5.1 / -1.1%
setup confirmed
July Win Rate
73%
n=15
July Median
+3.1%
July Worst
-3.2%
best +8.8%

When to run this study

Run at the end of June. When the S&P 500 gained in both April and May but fell in June, the following July has historically rebounded (~75% positive, ~+2.6% median since 1950). A bullish-defense seasonal for July.

Historical results

Qualifying Years — green Apr & May, red June (15)

YearApr %May %Jun %Jul %
20150.851.05-2.101.97
20131.812.08-1.504.95
20084.751.07-8.60-0.99
20074.333.25-1.78-3.20
20017.680.51-2.50-1.07
19941.151.24-2.683.15
19922.790.10-1.743.94
19910.033.86-4.794.49
19895.013.51-0.798.84
19788.540.42-1.765.39
19720.441.73-2.180.23
19634.851.43-2.02-0.35
19610.381.91-2.883.28
19593.881.89-0.363.49
19573.703.69-0.131.14