FYI: “Sell in May and Go Away” is an old Wall Street expression. It describes the tendency for the stock market to do better during the months of November through April. That leaves an allegedly weaker season when it’s boiling hot here in South Florida, from May through October.
Like so much of what we read about investing, there is a half-truth. The rest is either hype, or it doesn’t really mean much to you as an investor. After all, the markets act very differently now than even a few years ago, thanks to algorithmic trading, index investing, central bank quirks, a decade of easy monetary policy and a host of other new investment realities. So, expecting any trend of the past that is based purely on the calendar is, well, hype.
Regards,
Ted
https://www.forbes.com/sites/robisbitts2/2019/05/17/what-to-throw-away-in-may/?ss=etfs-mutualfunds#23ac9d072c8d
