As global indices head lower on a combination of intensifying trade tensions and further tightening from the major central banks, here is a reminder of the negative seasonals for the month of June. But before that, we closed our short in the DAX with 360 pt gain at 12480. A detailed note was issued to Premium subscribers after the close. June seasonals are below:
- The DAX ended lower in the month of June in the last five years (2013 to 2017). No other month saw declines in five consecutive years for the German index.