Institution: The "super month" for US stocks will end, and August may face profit-taking.

Jin10 data reported on July 31 that market research company SentimenTrader claims that the U.S. stock market is about to end one of the hottest Julys in history. In this month, the S&P 500 index has set a record high 10 times (the third best July performance since 1928), and the Nasdaq Composite Index has set a record high 14 times. Such a "super month" is rare in summer. Historical data shows that after experiencing a surge similar to July, August tends to become difficult. Historically, when the S&P 500 index set at least 7 multi-year highs in July, the probability of it rising in August is only 36%, and the probability of rising in the following two months is less than half. The Nasdaq Composite Index has shown stronger resilience, usually rebounding strongly after 4 months, but August still feels like a gamble.