Odds Favor Slight Market Bounce After Down Friday

Includes: IVV, SPY
by: TickerSense

Hope is on the horizon. June 22 was the first Friday since April 27, 2007 that the market has closed down. There have been seven Friday closes since then, not including today or the 27th.

In the current bull market the S&P 500 has closed down on Friday 112 out of 238 possible occurrences, or 47% of the time. On average the market returns 15bps on the Monday after a weak Friday, and 37bps the following week.

down friday