Sell in May: Gann May 6 inflection point approaching
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"Sell in May and go away" is an investment strategy for stocks based on a theory (sometimes known as the Halloween indicator) that the period from November to April inclusive has significantly stronger stock market growth on average than the other months. In such strategies, stocks are sold at the start of May and the proceeds held in cash (e.g. a money market fund); stocks are bought again in the autumn, typically around Halloween. "Sell in May" can be characterised as the belief that it is better to avoid holding stock during the summer period.
Though this seasonality is often mentioned informally, it has largely been ignored in academic circles.
Data show that stock market returns in many countries during the May–October period are systematically negative or lower than the short-term interest rate.
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"Sell in May and go away" is an investment strategy for stocks based on a theory (sometimes known as the Halloween indicator) that the period from November to April inclusive has significantly stronger stock market growth on average than the other months. In such strategies, stocks are sold at the start of May and the proceeds held in cash (e.g. a money market fund); stocks are bought again in the autumn, typically around Halloween. "Sell in May" can be characterised as the belief that it is better to avoid holding stock during the summer period.
Though this seasonality is often mentioned informally, it has largely been ignored in academic circles.
Data show that stock market returns in many countries during the May–October period are systematically negative or lower than the short-term interest rate.
Tacharts
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