Has Trump failure put “sell in May or before” back in play?

Founder and Publisher of the Switzer Super Report
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“Sell in May and go away, come back on St. Leger’s Day”. This is an old stock market saying that has a pretty good strike rate, though there are numerous times when it doesn't work out.

That said, after the Trump trade has delivered a double-digit drive higher for the stock market and there has been little evidence that those big market influencers, who direct stock market indexes (such as the S&P 500 in the USA and our own S&P/ASX 200) have had any appetite to sell off stocks, the question is: will Trump soon lose his market mojo with May looming?

For the record, in a 2012 research paper, University of Miami associate professor Michael Fuerst (along with his workmates, Sandro Andrade and Vidhi Chhaochharia), found stock returns were 10% higher in the November-to-April half of the year than in the May-to-October period.

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