WMT - 3 Top Dividend Aristocrats to Ride Out Summertime Blues | Benzinga
Incisive investors should look out for breakout stocks to get unmatched returns. However, stocks mostly trade within a narrow range during the summer months. Profit-taking does take place in the weaker period from May through October, particularly after an incomparable November to April.
The broader S&P 500, since 1928, has posted a paltry average gain of 2.1% from May to October, less than the 5.2% gain from November to April, per Dow Jones Market Data. The "Sell in May & Go Away" thesis, in reality, suggests that investors should refrain from putting money in the equity market during the moribund summer months.
Wall Street, regrettably, is bracing for upheavals as the Federal Reserve officials recently sounded hawkish. The Fed is expected to hold record-high interest rates higher for longer. The minutes from the central bank's Apr 30-May 1 session showed that officials did agree that price pressures have declined but haven't fallen as quickly as anticipated.
Inflation continues to be above the Fed's long-term goal. Some Fed officials expect the central bank to hike interest rates if required. Fed Governor Christopher Waller said that the ...