What Happens Next as S&P 500 Snaps an 11-Year July Win Streak

The S&P 500 saw negative returns in June and July, a rare occurrence that isn't necessarily a bullish signal for markets. When the S&P 500 ended both June and July lower, some of the stock market's worst stretches followed, averaging a decline of 2% for the rest of the year, data from Carson Group showed. Ryan Detrick, Carson Group's chief market strategist, wrote, "We still see many more reasons than not to remain bullish the rest of this year, but let’s just file this under one to watch."