Sell in May and Go Away has started much earlier
In 2014 the Sell in May and Go Away started in March and has continued in April even with the 6 day rally that was snapped on Friday.
Since March its been like a meteor shower of stocks that have been falling from 52 highs to 50 day averages or lower.
So where have Fund Managers that must stay invested in the market been putting their money during this downturn?
Energy Service companies and health providers which has been identical to what they have done in past downturns.
Now since we know where the money is flowing to and exiting from the high flyiers of triple and quadruple digit stock prices. How much longer will this trend last? According to some analysts it will only gain further momentum in May and will not rebound in May as the market did in 2013.