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Sell in May, Go Away 🏃
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Sell in May, Go Away 🏃

It's that time of year again, folks. The time when investors start singing that old Wall Street rhyme, "Sell in May, Go Away." And why not? History shows that the market tends to take a bit of a dive during the summer months. But before you start dumping your stocks and hiding your money in Treasury bills, let's take a closer look at the numbers. Going back to 1900, the market fell by 5% or more on 51% of the summers. And on almost one-third of them, it fell by a whopping 10% or more. So, is it time to panic and sell everything? Maybe not. After all, the market usually bounces back at some point. But the question is, when? Better to sit this one out and enjoy your summer? Or try to time the market and risk missing out on gains? The choice is yours, my friends.The One Pager 👇

Catalysts

Las Vegas Sands Corp. reported very strong Q1 earnings causing it to gap up 5.5%. Expect all casino stocks to benefit from this as a sympathy ($LVS $WYNN $MGM)
Tesla is down -7.2% after reporting earnings. Many other tech names are down pre-market including Datadog, Coinbase and Rivian ($COIN $TSLA $DDOG $RIVN)
9 out of 10 financial institutions cut their price target for Tesla ($TSLA)
Moderna and IBM to explore quantum computer and generative AI for MRNA science ($MRNA)
Blackrock’s Hildebrand makes statements. He expects no scenario where we have US interest rate cuts this year. He also expects that we will not have a soft landing.
Ford F-150 Lighting is going global for first time with entry into Norway ($F)

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