The end of May is the month when seasonality dangers begin and this reoccurring trend appears to be running true to form.
In January 2004 I wrote “October has traditionally been a month when we see stocks markets fall. This is based on statistical analysis (see our message about seasonality at https://www.garyascott.com/archives/2003/11/03/934/index.html) that shows that basically in all major equity markets, nearly all returns are achieved from the beginning of November through the end of May. So October is the equity markets darkest hour.
(See https://www.garyascott.com/archives/2004/01/06/973/index.html for this entire message).
The end of May has arrived, so you have been reminded!
Historically for the next five months the chances of equity profits are at their lowest. Risks are the highest.
Until next message good investing.