August Market Outlook: Sell in May and Go Away?

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Among financial professionals, “Sell in May and Go Away” is a well-known adage. This adage refers to historic market underperformance from May to October. If there is indeed correlation between peak vacation season and market volatility, one would think that the summer of 2021 reopening from COVID-19 lockdowns would be the coup de grâce against opponents of this theory.

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