May concluded with the S&P 500 achieving a 6.15% gain, marking its strongest monthly performance of the year. This rally followed April’s downturn, challenging the traditional “Sell in May and go away” adage. While historical data indicates that the May to October period often yields weaker returns compared to November to April, recent trends suggest that rigid adherence to this strategy may not be beneficial. Investors who remained engaged in the market during May likely capitalized on the upswing, highlighting the potential drawbacks of strictly following seasonal investment patterns.

Looking ahead to June, it’s noteworthy that this month has historically not been a peak period for the market. However, past performance doesn’t guarantee future results. With ongoing economic developments and market dynamics, June could either continue the upward momentum or experience a temporary slowdown. Investors should consider their individual risk tolerance and investment goals when deciding whether to hold positions or take profits, rather than relying solely on historical seasonal trends.