It is an old chestnut that the majority of positive returns from equities occur from November to the...
It is an old chestnut that the majority of positive returns from equities occur from November to the end of April each year, hence the adage that investors should 'sell in May and go away'. We have seen some strong returns from markets over the past couple of months, and the US equity market has been no exception, returning 15% in US dollar terms from the March lows. We have also seen a sharp fall in the value of the US dollar against other global currencies, culminating this week in a return to the launch value against the euro. This raises two questions for investors in the US equity...
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