Upon the unofficial start to summer and the Memorial Day holiday earlier this week, the phrase, “Sell in May and go away… but remember to come back in November” may be a historically uttered phrase. Perhaps the phrase had slightly more significance before super-diversified mutual funds, ETFs and indexes entered the picture, but there are still believers in the concept.
More pronounced are data combining the old “sell in May” theory with the 3rd year of a US Presidential cycle.* Although last year’s late year 2023 gains – so far – cannot touch the strength of 2024 which is the 4th year of a US Presidential cycle.
