We all know the old adage: “sell in May and go away.”
All this means is that the Dow Jones Industrial Average (DJIA) has returned an average of 0.3% between May 1 and October 31, and 7.5% between November 1 and April 30.
And it’s done this without fail, for 67 years.
That means, typically, most investors and traders are gearing up for a new bullish pattern (since that is how the markets usually behave).
But this wasn’t like any year we’ve ever seen before.
There was little to no pullback in the markets – instead they skyrocketed to unprecedented highs, with the DJIA even hitting 23,000.
Now everyone is wondering what to do with their money next.