Bloomberg Analyst: "Sell in May" Strategy May Be Outdated, S&P 500 ETF Only Declined in 2022 in Past Decade

BlockBeats News, April 29th, Bloomberg ETF analyst Eric Balchunas wrote that perhaps it is time to completely abandon the "Sell in May" adage. This strategy originated from the tradition of the affluent London class leaving the trading market in the summer during the 19th century, but it is no longer applicable in today's 24/7 algorithm-driven market.

Data shows that the S&P 500 ETF (SPY) has seen gains in 25 out of the past 33 "May to October" periods, with only 2022 seeing a decline in the last decade.