DELL - Wall Street Breakfast: Sell In May?
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Sell in May?Enthusiasm for stocks couldn't be higher, with individual investors holding more equities than ever before, fueled by a blowout earnings season, the prospect of an economic recovery and extra savings like stimulus checks. Stockholdings among U.S. households even rose to 41% of their total financial assets in April, the highest level on record, according to data from JPMorgan and the Federal Reserve. That kind of optimism has led the S&P 500 to hit 25 records this year alone, while logging its third straight month of gains in April by adding more than 5% to the index.Sell in May and go away? The investment strategy posits that equities tend to underperform in the six months through October, so investors should convert to cash at the
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Wall Street Breakfast: Sell In May?