Happy May! I swear it was New Year’s Day yesterday. National Corona Beer Day…I mean Cinco de Mayo is upon us. National Lost Sock Memorial Day arrives on the 9th. National Clean Up Your Room Day falls on the 10th. Seems like those should be the other way around. The real Memorial Day is breathing down our neck, the unofficial start of summer. So don’t sell in May and go away as the old Wall Street canard suggests.
And here’s why. What a first four months it’s been for the market. The S&P 500 hitting a new all time high, wrapping up its best April since 2009. Up 17.5% for the year through April…the best four month start to a year since 1987.