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Too Low for a Bear, Too High for a Bull

What is it about the month of May? The 8th day of the month was newsworthy for two very different reasons – S&P 500 reached a record closing high for the fifth straight day in a row – amazing. Ironically, it was also the same day Manchester United Football Club announced its manager of the past 27 years, Sir Alex Ferguson, was set to retire – for many, equally amazing. The former story was, of course, the most important of the two as it once again sparked discussions around the well known trading adage ‘sell in May and go away.’

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