Can Apple Shares Gain This Summer?
Can Apple Shares Gain This Summer?
Apple shares tend to do relatively well over the summer months when many other stocks tend to have a weaker period. The resilience of tech stocks has been keeping many of the major indices supported this year, so will Apple shares manage to follow its previous summer seasonal pattern and put in gains again this year?
Over the last 20 years, between June 12 and August 3, Apple shares have gained 85% of the time, with an average return of over 10%. The maximum gain was a very strong 28.62% in 2020, and the maximum fall was 11.56% in 2008. Can Apple shares repeat their strong summer seasonal pattern this year?
Major Trade Risks: The biggest risk here is if the path of US rates turns more aggressive and that should support the USD and real yields higher. Also, any further USD bids can weaken gold. These would be natural headwinds for gold.
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