This July has commenced with across the board gains from the major indexes, DJIA, S&P 500, NASDAQ, Russell 1000 and Russell 2000. Yesterday’s gains are consistent with historical trends for the first trading day of July. Over the past twenty-one years, July has on average begun with respectable gains. The second trading day has been weaker, but after this the major indexes have tended to trend solidly higher through mid-month to around the thirteenth trading day. At this point the major indexes have tended to weaken and trade sideways to lower to finish out the month.