Business
Wall Street is diving on interest rate fears and the share market sell-off may last for months – ABC News
The share market looks ahead, and it sees inflation and interest rate rises near on the horizon. For now, at least, central banks see a very different outlook and…
It’s a maxim that’s been a mainstay of Wall Street for generations.
“Sell in May and go away.”
It was coined back in the day when communications technology was fairly rudimentary.
Instead of getting caught out by an unexpected turn of events while on Summer holidays, big investors reckoned the safest option was to sell your stocks, park the cash and drink Manhattans by the beach undisturbed.
Smartphones and Wi-Fi may have changed all that but, for whatever reason, May still tends to be a poor month…
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