May Day May Not Be a Signal of Distress for Rally: Taking Stock

A yellow vest protester waves a French national flag on International Workers' Day in the Montparnasse district of Paris on May 1, 2019.Photographer: Anita Pouchard Serra/Bloomberg

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By Brad Olesen

May 1, 2019 at 11:27 AM UTC

This article is for subscribers only.

May Day for stocks. Not to be confused with the emergency distress signal, but the holiday celebrated by many parts of the world today, which is sure to obfuscate true trading activity and volumes.

And what a day for this to occur. Just Apple earnings to digest (shares are up nearly 6% in the early going), an FOMC decision, ADP employment figures and monthly auto sales. On second thought it may be cause for alarm. I would warn against thin volumes, but with this many catalysts that may not be the main concern.