With the end of April looming, investors are bound to hear -- and disregard -- the old stock market adage “sell in May and go away, don’t come back ’till St. Leger’s Day.” But there may be some truth in the saying, outside the U.S. at least.
A look at 30 years of data across a variety of assets and geographies shows that while American stocks tend to show positive returns over the May-to-mid-September period, those in Asia and Europe don’t.
