The LPL Research Corporate Beige Book Barometer — our measure of corporate sentiment that reflects an analysis of earnings conference call transcripts — shows that companies remained generally upbeat during the second quarter earnings season.
“Sell in May and go away” is probably the most widely cited cliché in stock market history. This week, we tackle this widely cited seasonal pattern, but focus on some reasons it might not work this year.
Early season flowering trees and bushes are already in bloom; tulips cannot be far behind. Yet there is a sense of unease, that this is just too early and that a late frost could undo all the recent growth in one night.
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