Beware of Negative June Seasonals

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.

- The Dow Jones Industrials Index fell in June in 9 of the last 13 years. The only other month of the year where the index fell in 9 of the last thirteen year is January.

- The FTSE index fell in June in 10 of the last 13 years. January is the only other month in the year when the British index fell 10 times over the last 13 years.