The first five months of 2022 haven't been kind to the SPDR S&P 500 ETF Trust (NYSE:SPY). Unfortunately, the month of June hasn't historically been a strong month for stock prices, but LPL Financial Chief Market Strategist Ryan Detrick said this week that there's reason for optimism that investors can avoid a June swoon.
Not only has June historically been a weak month for the S&P 500, Detrick said it has actually been the worst month of the year in midterm U.S. election years like 2022.
