![]() Over the past decade, anemic growth in developed economies and subdued bond yields have kept value investing at bay, leading to a boost in growth stocks. SPDR Portfolio S&P 500 Value ETF (SPYV ) – Zacks Rank #1 (Strong Buy) Consumer savings are still decent despite high price inflation.Īgainst this backdrop, we highlight a few ETFs that could shower gains on investors in an otherwise defamed May. Big techs have been making a comeback helped the tailwinds from the interest rate backdrop and new ventures like AI and metaverse. After layoffs, corporate earnings have come up decent enough. ![]() The speculation of less-hawkish Fed is baked in the current Wall Street valuation. This year, the market has been performing decently after one of worst performances in years in 2021. ![]() Per an article published on CNN.com, the proverb proved itself wrong in the past few years, with the May-October period turning pretty profitable. But the saying hasn’t held well in recent times. Per Equit圜lock, the S&P 500 has added about 0.4% on average in May and the frequency of gains is 70%. May has been a subdued month with average gains of 0.09% since 1950. The proverb is ingrained in the S&P 500’s awful historical run for the May-to-October period. So, walking along the regular path won’t make you profitable this time. Recessionary fears and banking failures are quite bothersome. Things are different this year, with the world experiencing one of the worst crises. Should You Go by the “Sell in May” Saying? Still-hot inflation, the resultant moderately-hawkish Fed cues, the Russia-Ukraine war and the resultant upheaval in the investment world, high commodity prices and regional banking crisis, broad-based layoffs in the corporate world have been bothering the investment world. In April, the S&P 500 had gained a muted 1.5% past month, the Dow Jones has added about 2.5%, the Nasdaq is up only 0.04% and the Russell 2000 has lost about 1.9%, respectively. The regional banking crisis in the United States resurfaced at the end of April. Wall Street has seen a wobbly start to May 2023 much in line with the old adage, “sell in May and go away,” after a subdued April.
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