By Chris Bailey of Financial Orbit | Tuesday 4 May 2021
I know I am a complete financial sector sado, but I always like to see how many investment analysts find usefulness in the concept that you should “sell in May and go away, and come on back on St. Leger’s Day” (with the latter this year falling on the eleventh of September). It is a lovely saying but – based on a few years of looking at the data – it is also usually wrong! I think fifty or one hundred years ago it was focused on the idea of stockbrokers and investors liking the concept of leaving their office and being able to attend horse racing, tennis, rowing and various other society events during the summer. Suffice to say – well before recent challenges – the finance and investment world is a very different place nowadays.
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