It’s ‘America First’ All Over Again Across Financial Markets
- S&P 500 Index hits record versus rest of world in May
- Dollar gains on haven flows and U.S. economic outperformance
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When in May, don’t sell the U.S.A.
Investors’ favorite seasonal adage is in need of an update after the S&P 500 Index’s 2.2 percent monthly gain, its best showing in May since 2009. This advance propelled a ratio of the benchmark U.S. stock gauge to the MSCI World Index to a record high.