Rare summer wins (Nasdaq edition)
Quick aside related to the last note. If the Nasdaq Composite continues to rally into the close, it will be its 13th multi-year high in July. That's the most ever since that index's 1971 inception. There were 3 other years it hit 10 new highs in July (2013, 1997, 1977). All three saw a decline over the next month, but double-digit rallies over the next year.
