Once Again, "Sell In May" Looks to Be Going Astray
When do the “summer doldrums” supposedly start? One month ago, an old investment adage says we should all have dumped our stock portfolios, enjoyed life while stocks wobbled for the summer, and come back after Halloween. If you neglected to follow this siren song and sell in May, congrats! Stocks just closed May at a new record high, reminding us seasonal myths are as useless as ever.
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