“Any investment strategy that you can summarize in a rhyme is probably a bad strategy,” said Jonathan Golub, chief U.S.
“I’m not selling in May, and I wouldn’t advise somebody else to,” said Golub.
“After especially good November to April six-month runs, the ensuing six months is lackluster,” Worth said.
The average gain for the Dow in the top 10 years for the November-to-April period was 27.5%, compared with an average 2.9% in the ensuing May-to-October periods, Worth found.
Sam Stovall, chief investment strategist at CRFA also looked at the ‘”sell in May” phenomena, through the performance of the S&P Equal Weight 500.
“The phrase ‘Sell in May and go away’ originates from an English saying, ‘Sell in May and go away, and come on back on St.