June AI Predictions: SPY QQQ GLD

Today I’d like to share 5 major market predictions for June.

Hopefully this helps you find winners – and avoid costly losers. Here’s what’s expected between today and June 30.

S&P 500 (SPY)

June is typically a down month for the stock market. There’s a 60% chance of losses for the index of 500 large-cap stocks. And the S&P 500 is expected to fall 0.7% (or 10% annualized).

Nasdaq (QQQ)

The Nasdaq is also expected to see losses of 0.6% during this time. And there’s a 66% chance of a drop for the tech heavy index.

Dow Jones Industrials

The Dow typically suffers slightly larger losses at the start of summer. The drop is typically 1.2% (16.3% annualized). Just like the S&P 500 – there’s a 60% chance of the market dropping.

Gold (GLD)

Gold has been in a bull market all year. However, the yellow metal may take a breather in June. There’s a 64% chance gold prices fall – with an expected loss of 1.1%.

West Texas Crude Oil

Oil prices have a 68% chance of rising – going into the summer driving season. The predicted gain is 1.6% (28% annualized). This could be bullish for oil stocks.

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Ian