The research outfit said that from 1988 to 2020 average declines for the benchmarks ranged from 0.4% for the Russell 2000 to 0.8% by Dow.
Jeff Hirsch, editor of the Stock Trader’s Almanac, said that the first nine trading days of August tend to be the most prone to weakness while the rest of the month is better.
More fiscal stimulus is likely from Washington as Congress nears finalizing the deals on infrastructure and spending,” the data company wrote.