Most years, the rule of thumb is “Sell in May, stay away.” But 2024 isn’t most years. Carson Group’s Chief Market Strategist Ryan Detrick and VP, Global Macro Strategist Sonu Varghese discuss why investors should consider bucking conventional wisdom this month.
Highlights include:
- May has had higher market returns in 9 of the last 10 years
- Election years tend to have higher market strength, particularly in the summer months
- April’s pull-back is a normal part of bull markets and not likely a sign of more volatility
- GDP growth came in at 1.6% for the first quarter, indicating continued economic strength
Looking for more investment insights and market analysis? Visit our Insights page today. Then, follow us on your favorite social channels to join the conversation and be the first to know about the latest news and events.
