Market Update

‘Sell in May and Go Away’ is a trading maxim which, according to Investopedia, encourages an investor to “sells his or her stock holdings in May and get back into the equity market in November…” Traders who adhere to that adage may be pondering averages and the many exceptions right now. During the first two weeks of the month, the Dow Jones Industrials Average, the Standard & Poor’s 500, and the Russell 2000 Indices all reached new highs – with the FTSE 100 and FTSE All-Share within points of all time highs. The FTSE 100 passed 6,600 and the Dow passed 15,000.

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