⚠️3 Things to Watch This Week On Wall St.: -U.S. Inflation Data -Regional Bank Turmoil -Disney, PayPal, Airbnb Earnings $DIA $SPY $QQQ $IWM $VIX 🇺🇸 🇺🇸
The old adage"Sell in May and go away" refers to the idea that May is the ideal time to take profit on equities and stay out of the stock market until after the summer.
It is based on the premise that the best six-month period of the year for stock market returns is November to April, while the leanest is May to October.has gained an average of 4.8% between November and April, and just 1.2% between May and October, according to Reuters calculations.Over the last 20 years, the out-performance of November-April over May-October narrows to 1%.
Inflation in the U.K. is running at 10.1%, markedly higher than in the Eurozone, exacerbated by soaring food costs and shortages in the labor market linked to Brexit, keeping wages high. The combination of high inflation and a tight labor market are fueling bets for further rate hikes this year so the central bank’s updated projections for growth and inflation will be closely watched.which is expected to indicate that growth remained weak in the first three months of the year.Oil prices rebounded on Friday but posted a third straight weekly decline amid persistent concerns over the demand outlook.
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