Sell in May and go away? Not so fast, investors
The 'sell in May and go away' adage is being questioned by investors as the S&P 500 recovers from a recent selloff, with strong performance over the past decade challenging the seasonal strategy. Analysts note that staying invested has historically yielded better returns than exiting during the May-October period in recent years. Despite concerns about midterm election cycles and geopolitical tensions with Iran, robust market momentum and resilient economic data suggest this year may defy traditional seasonal trends.
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Open this photo in gallery:A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York on April 30.TIMOTHY A. CLARY/AFP/Getty ImagesShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountBlindly following the old Wall Street adage “sell in May and go away” may prove costly, as investors weigh whether to call time on a powerful market recovery heading into a historically turbulent stretch of the year. The S&P 500 has already staged a dramatic comeback, recovering a near-10-per-cent decline in just 11 trading sessions after a selloff triggered by disruptions to global oil supplies.
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