The stock market's woes may not yet be over. Stocks are set to close out their first losing month since October after recent reports of hotter inflation spurred fears of interest rates remaining higher for longer. The market's rout put a damper on the artificial intelligence driven rally that defined the first part of this year. The S & P 500 is down by more than 3% this month, though it has still registered a more than 6% advance for the year.
Investors who adhere to the strategy of "sell in May and go away" offload their equity holdings at the start of the month, coming back in the fall season to take advantage of a seasonally strong calendar period for stocks. In fact, the Stock Trader's Almanac shows that May is the start of the seasonally worst six months for markets, from May through October, when the Dow Jones Industrial Average gains 0.8%, on average.
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