It has been well documented that Tuesdays this year have been extraordinarily consistent in delivering positive stock market performance, having been up 14 out of 16 times. People seem to have forgotten that this was a 2013 phenomenon as well.
Last year, the market was up 20 out of 25 Tuesdays during the 1st half of the year. We delineate it by halves because it was an entirely different story in the 2nd half.
Let’s hope for the bulls’ sake that the Tuesday correlations with 2013 end in July.