Market Commentary – Week of 05.07.2019
SELL IN MAY?
“Sell in May and go away” is probably the most widely cited stock market cliché in history. Every year a barrage of Wall Street commentaries, media stories, and investor questions flood in about the popular stock market adage. This week, we tackle this commonly cited seasonal pattern, and why some seasonal weakness could make sense in 2019.
KEY TAKEAWAYS IN THIS WEEKS ISSUE
- The May through October period has historically been the weakest six months for equities.
- However, in recent years the six-month stretch has seen higher equity prices.
- This year, with stocks up significantly from the December lows, we advise more caution than previous years.