A Global Pattern
You are no doubt aware of the saying “sell in May and go away”. It is one of the best-known and oldest stock market truisms.
Mark Twain’s famous saying about stock market speculation (the other one was “There are two times in a man’s life when he should not speculate – when he cannot afford it, and when he can”). From a seasonal perspective he was definitely right about September and October. [PT]
The saying is in fact justified based on statistics. I most recently discussed the subject in the April 24, 2019 issue of Seasonal Insights. In the eleven largest markets in the world, stocks on average posted a gain of 8.07% in the winter half-year, while the gain achieved in the summer half-year amounted to a mere 0.26%.Read More »