Don’t bet on a ‘June swoon.’ Here’s what the data show.

There is no such thing as a “June swoon” on Wall Street.

Those who are predicting one — and there are many — reveal more about themselves than the stock market. The belief in fictional phenomena such as the June Swoon illustrates once again why investor sentiment plays such a powerful role in the markets, and why contrarian analysis is effective.

What’s…

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