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Will ‘Sell in May and Go Away’ Take Hold in 2013 After All?

S&P 500 charts from the past decade illustrate why we shouldn't start panicking about the recent market turbulence

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Last year, selling in May initially looked like a brilliant move — the bears dug in right out of the gate. As it turns out, though, the last day of May was also the last day of the pullback. The S&P 500 rallied more than 13% between late May and the end of September.

Bottom Line: While the long-term averages might imply that weakness, if not outright bearishness, is to be expected, we’ve seen during the past 10 years that the period between May and September can be quite bullish. The mood, external and environmental factors, and how the market was behaving leading up to the summertime seem to be far more important than the calendar does in terms of performance.

Just something to keep in mind in the shadow of the market’s recent turbulence.

Article printed from InvestorPlace Media,

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