Almanac Trader — Summer Rally Historically Weakest of All

Temperatures are soaring and the market’s summer rally appears to be cooling. Defined on page 76 of the 2025 Stock Trader’s Almanac, the summer rally is from DJIA’s closing low in May or June to its Q3 closing high. As of the close on July 28, DJIA’s Q3 closing high was 45010.29 on July 23 and its low was on May 1 at 40752.96 yielding an above average 10.4% summer rally so far this year. Applying the same parameters to S&P 500 and NASDAQ, both closing at new all-time highs yesterday July 28, results in impressive summer rally gains of 14.0% and 19.7% respectively. Also, well above historical averages.