How True Is the “Sell in May and Go Away” Adage?
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As the S&P 500 enters the month of May, many people are worried about their investment strategy, especially in light of the old saying “sell in May and go away.” Does this saying hold any value?
Let’s look at the question from two angles: a historical context and the S&P 500’s currently position.
There are some historical facts that raise a few concerns in my mind regarding an investment strategy in the market during the month of May and early summer—not only in terms of actually selling off, but also in terms of increasing volatility.
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