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8 May 2013
Forex Flash: May pegged as sell-month for equities? – Investec
FXstreet.com (Barcelona) - Whilst currency markets were quiet, equity markets continue to make history. US equities hit new all time highs yesterday, fuelled by better than expected corporate earnings from across the pond.
According to the Investec Research Team, “In the last few years May has usually been a ‘sell month’ in equities, at times falling as much as 8.00% in 2010, but there is little to no evidence of this occurring this year.” Elsewhere, it appears we’re in for a quiet day as the data void continues with only German Industrial production data of any note.
According to the Investec Research Team, “In the last few years May has usually been a ‘sell month’ in equities, at times falling as much as 8.00% in 2010, but there is little to no evidence of this occurring this year.” Elsewhere, it appears we’re in for a quiet day as the data void continues with only German Industrial production data of any note.