“Sell in May” for trading Fed’s path? Market was calm, last week, for most major global indices. Based on just over half of the S&P 500 corporate earnings reports, 87% beat estimates by a historically elevated rate
of 24%.
Last week’s glut economic and corporate data has shown incredible strides in the economic recovery, in a relatively short space of time. Megatech companies delivered a series of earnings beats that boosted the
return of most risk assets in April. At the other end of the spectrum, hopes of an economic recovery began to feed higher commodity prices, which eventually fuelled investors’ inflation worries, although a patient Fed has so far kept the market calm….
