
There’s an old saying in the markets that you should ‘sell in May and go away.’ It’s a reference to long-noticed trend of summertime swoons, when market trading slows, or even dips, especially in August. Recent statistical research by CFRA research has quantified the phenomenon. Since 1945, they say, August is the year’s third-worst month for returns on the S&P 500, on average. The trend is particularly marked in years when the index set record high levels in July. A report from LPL Financial ad

Fed Governor Christopher Waller added that a digital dollar may be costly to implement, arguing that privately issued stablecoins may better handle the need for faster payments.

Don’t be blind to out-of-pocket costs, add-ons and severe lifelong penalties.

The second quarter earnings season is starting to wind down, and data shows that – after more than 90% of S&P listed companies have reported – we’re looking at 60% earnings growth for Q2. Tech giants like Apple and Facebook, and major banks like JPM, have shown double-digit year-over-year earnings growth. It’s clear, at least from this metric, that we’re seeing the post-pandemic economic take-off. But are we? Other data shows that second quarter GDP growth – the usual proxy for overall economic
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