As the US equity market reaches 'half-time' in the month, 2018's history suggests it's time to sell...

(Click on image to enlarge)

Something odd has happened throughout 2018 - the market has run up in the first half (on average up 1.62%), and fallen in the second half (on average -1.07%).

(Click on image to enlarge)

Visually, it's hard to ignore...

(Click on image to enlarge)

So is July 'different'?

(Click on image to enlarge)

As they say in the beautiful game, "it's a game of two halves".