VIDEO: John Kosar appeared on CNBC’s Closing Bell with hosts Bill Griffeth and Melissa Francis on June 2nd, 2011. John displayed and discussed seasonality in the S&P 500 during the 2nd Quarter, based on statistical data going back to 1957.
Kosar said that the US stock market historically peaks during the first week of June, then collapses into the end of June before rebounding into early July.
Per this seasonal pattern, the S&P 500 actually peaked on June 1st this year, at 1345, before declining by 82 points or -6% to 1263 by June 23rd. The S&P 500 then quickly rebounded by 94 points or +7% into the July 7th, 1356 high.