The Federal Reserve has begun a two-day meeting that will end with the announcement of its interest rate decision. Meanwhile, debate on Wall Street rages over how, when and if the Fed will raise rates.
Villere & Co portfolio manager Sandy Villere joins Market Domination to provide insight into potential Fed moves and what investors should keep in mind as we head into a historically weaker period in the year for the market.
Villere gives this advice: “The old adage ‘sell in May and leave’ is pretty accurate. If you look at the weekly seasonal period from May to October, it is underperforming by around 6% compared to the stronger seasonal period , from November to April However, when I consider investing in stocks or selling, I rarely look at a calendar month: we buy and hold for the long term. So I won’t follow the old adage, but it exists. .some truth behind it all.
For more expert insights and the latest market action, click here to watch this full episode of Market Domination.
This message was written by Nicolas Jacobino
yahoo
