Who made the phrase “Sell in May and go Away?” The month of May itself, seasonally speaking, is normally a good month for stocks. But, that’s not what I’m here to bring to your attention tonight. The month of August, seasonally speaking, is when things start to get a little hairy. Just take a look at the seasonality chart for the $SPY inside Exodus:
It’s time to get your kid’s affairs in order. It’s back to school season, toss your stocks to the side and buy your kid a nice pair of nikes. If you don’t have kids, then buy yourself a nice pair of nikes. At least you will have a new pair of shoes instead of watching your money flame up in a barrel of garbage in the month of August.
Cautious Warranted for the month.If you enjoy the content at iBankCoin, please follow us on Twitter