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Don’t Sell in May and Don’t Go Away

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This week was full of economic reports and earnings releases. Now we wait to see if investors will follow the adage “sell in May and go away.” U.S. investors typically sell their stocks in May and stay away from the market until the end of October. S&P Capital IQ’s U.S. equity strategist, Sam Stovall, blames the seasonal weakness during the May-October period on reduced capital inflows, vacations, earnings reality and mutual funds’ fiscal-year-end window-dressing.

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