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It’s once again that time of year when investors start bringing up the old Wall Street adage “sell in May and go away.”
Historically, the S&P 500 has generated its weakest returns from May to November. In fact, going back to 1950, the six-month stretch from the beginning of May through the end of October has generated an average return of just 1.5%, making it the weakest six-month stretch of the year.
Reasons For Caution: This year, the S&P 500 started off the month of May with a gain, but Hilary Kramer, chief investment officer for Kramer Capital Research, said Monday there are plenty of reasons for investors to be cautious on the stock market in the near-term.
Dow Finishes Up 238, Nasdaq Loses 68
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