The market refrain “Sell in May and go away” failed to apply again this year, as the stock market continues to teeter at record highs. The notion that investors should take their profits ahead of warmer weather and return presumably when markets are lower in the fall has not worked in the last couple of years. In fact, according to technical strategist Ryan Detrick, going back 20 years (including this year), May is actually up 60% of the time, with the S&P 500 average .44%.
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