Over the past 30 years, the S&P 500 has traded positively in the month of June only 55 percent of the time. And the broad measure of U.S. stock market performance has lost an average of 0.49 percent. The Dow Jones Industrial Average has fared even worse and the Nasdaq not much better.
After a terrible May, stocks had their second-best day of the year on Tuesday after Federal Reserve chairman Jerome Powell signalled a more dovish tone on rates and Republicans came out against President Trump's threatened Mexican tariffs.
Escalating trade tensions with China and Mexico continue to hang over the market, and an inverted yield curve has worried investors that a recession could be on the horizon. But stocks have reversed this week. On Tuesday, the market turned in its second-best day of the year with more dovish signals from the Federal Reserve. The market began trading in the green again on Wednesday, but gains narrowed.
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