Perhaps there is really something in the “sell through May” investment strategy, at least when the markets are in a rising trend. The S&P 500 rose 17 percent this year, a level that is not always good for the next month if we judge the past. When profits ranged between 13% and 15% in April, the market was performing relatively well over the next 8 months, if not better.
Source: Bloomberg Finance L.P.
Chart: Used with permission from Bloomberg Finance L.P.
Trader Aleksandar Kumanov