market updates

Is there truth behind "Sell in May and Go Away"?

There's an old English saying, "Sell in May and go away, and come on back on St. Leger's Day." This refers to the custom of bankers leaving the City of London to go to the country to escape the heat during the summer months. Here's our overview of what happened in the markets during the first quarter, as well as key themes that may influence market behavior over the coming months – including “sell in May.”