The Stock Market Just Did Something for the 7th Time Since 1957. History Says It Signals a Big Move in the S&P 500 in the Next Year.
One of Wall Street's most famous aphorisms -- "sell in May and go away" -- proved patently false this year. The S&P 500 (SNPINDEX: ^GSPC) skyrocketed 6.1% last month as investors cheered some good news: Unemployment remained low, and inflation continued to cool despite sweeping tariffs imposed by the Trump administration. Trade tensions between the United States and China also eased.Historically, the stock market has actually performed reasonably well in May, but the returns were unusually impressive this year. In fact, the S&P 500 has gained more than 5% in May only six other times since it was created in 1957. Interestingly, the index has always moved higher over the next year, often producing double-digit returns. Read on to learn more.Image source: Getty Images.Continue reading
One of Wall Street's most famous aphorisms -- "sell in May and go away" -- proved patently false this year. The S&P 500 (SNPINDEX: ^GSPC) skyrocketed 6.1% last month as investors cheered some good news: Unemployment remained low, and inflation continued to cool despite sweeping tariffs imposed by the Trump administration. Trade tensions between the United States and China also eased.
Historically, the stock market has actually performed reasonably well in May, but the returns were unusually impressive this year. In fact, the S&P 500 has gained more than 5% in May only six other times since it was created in 1957. Interestingly, the index has always moved higher over the next year, often producing double-digit returns. Read on to learn more.
Image source: Getty Images.
