Sell in May and Go Away? Not This Year

Equity markets ended the month higher in a holiday-shortened week in the U.S. Regionally, international developed markets outperformed (MXEA +5.1%) while emerging markets returned 2.9% (MXEF). Domestic equities ended up 3.0% (SPX) for a May return of 4.5%. It’s astounding that the S&P 500 is...