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2021-05-04
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Old Wall Street wisdom about selling in May no longer makes sense<blockquote>华尔街关于五月抛售的古老智慧不再有意义</blockquote>
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And guess what? Invest","content":"<p>New York (CNN Business)It's the first trading day of May for thestock market. And guess what? Investors should ignore the dumb, antiquated saying about selling in May and going away.</p><p><blockquote>纽约(CNN商业)这是股市五月的第一个交易日。你猜怎么着?投资者应该忽略关于五月卖出然后离开的愚蠢、过时的说法。</blockquote></p><p> The anachronistic idea goes something like this: An investor should lock in gains now and then mostly ignore the markets for the summer while sitting on a beach somewhere. And in 2021, it makes absolutely no sense.For one, it's not as if Corporate America and the economy go on summer break.Companies still announceearnings, make acquisitions and go public. TheFederal Reserve continues to meetand the government puts out data on the job market, retail sales, inflation and plenty of other things.With that in mind, investors need topay attention to the headlines— not what month it is.\"There is no proof of any kind that selling in May and going away will add value,\" said Paul Zemsky, chief investment officer of multi-asset strategies and solutions at Voya Investment Management.</p><p><blockquote>这个不合时宜的想法是这样的:投资者应该立即锁定收益,然后坐在某个地方的海滩上,在夏季基本上忽略市场。而在2021年,这完全没有意义。首先,美国企业和经济并没有进入暑假。公司仍然会公布收益、进行收购并上市。美联储继续开会,政府公布就业市场、零售销售、通货膨胀和许多其他数据。考虑到这一点,投资者需要关注头条新闻,而不是现在是哪个月。“没有任何证据表明5月份出售并离开会增加价值,”多资产首席投资官保罗·泽姆斯基(Paul Zemsky)表示Voya Investment Management的策略和解决方案。</blockquote></p><p> \"First of all, market timing is very hard. And we like stocks and are not going to change that opinion just because the calender says May,\" Zemsky said. \"The fundamentals remain strong and that's what we look at. The economy is on great footing.\"Corporate earnings for the first quarter have been solid across the board, and the outlooks from companies for the rest of the year have been healthy too.\"The strength of the current economic recovery and rebound in corporate earnings suggest it may be premature to expect a near-term seasonal peak in equities,\" said strategists at UBS Global Wealth Management in a recent report. \"We recommend investors stay invested, diversify exposure, and keep control of their wealth plan.\"</p><p><blockquote>“首先,市场时机非常困难。我们喜欢股票,不会因为日历上写着五月就改变这一观点,”泽姆斯基说。“基本面依然强劲,这也是我们所关注的。经济处于良好的基础上。”第一季度企业盈利全面稳健,今年剩余时间企业的前景也是健康的。瑞银全球财富管理策略师在最近的一份报告中表示:“当前经济复苏的力度和企业盈利的反弹表明,预计股市近期将出现季节性见顶可能为时过早。我们建议投资者保持投资,分散投资,并控制自己的财富计划。”</blockquote></p><p> It's also worth pointing out that selling in May and going away has been agood way to lose moneyfor the past few years. The S&P 500 rose 12% between the start of May and end of October last year.And according to data compiled by LPL Financial, the S&P 500 has averaged a 3.8% gain between May and October over the past 10 years. The only times the market went down in that period was in 2011 (an 8.1% drop) and in 2015, when the index fell a mere 0.3%.With that in mind, LPL Financial chief market strategist Ryan Detrick isn't advising that investors follow a \"sell in May\" strategy.\"With an accommodative Fed, fiscal and monetary policy, along with an economy that is opening faster than nearly anyone expected, we'd use any weakness as an opportunity to add to positions,\" Detrick said in a report.Still, one investing strategist is worried that the market's strong start to the year could lead to a summer swoon. After all, the S&P 500 is now up nearly 12% in 2021 and is not far from a record high.\"The catalysts are strong for a sell in May strategy with the hot start to 2021,\" said Jeff Carbone, managing partner for Cornerstone Wealth, in an email. \"It may be time to take some profits from the strong growth sectors that have had big runs in 2021.\"\"There looks to be some runway left for growth and room for the markets to run but it may be a shorter runway and we are landing in LaGuardia, not Denver,\" he added, referring to two US airports known for their short and long landing strips.</p><p><blockquote>还值得指出的是,在过去几年里,五月份卖出然后离开一直是亏损的好方法。去年5月初至10月底,标普500上涨了12%。根据LPL Financial汇编的数据,过去10年5月至10月期间,标普500平均上涨3.8%。在此期间市场唯一一次下跌是在2011年(下跌8.1%)和2015年,当时该指数仅下跌0.3%。考虑到这一点,LPL Financial首席市场策略师Ryan Detrick并不建议投资者遵循“五月卖出”策略。德特里克在一份报告中表示:“随着美联储、财政和货币政策的宽松,以及经济开放速度快于几乎所有人的预期,我们会利用任何疲软作为增仓的机会。”尽管如此,一位投资策略师担心,今年市场的强劲开局可能会导致夏季低迷。毕竟,标普500现在在2021年上涨了近12%,距离历史新高不远了。基石财富管理合伙人杰夫·卡本(Jeff Carbone)在一封电子邮件中表示:“随着2021年的火热开局,5月份卖出策略的催化剂很强。”“可能是时候从2021年大幅上涨的强劲增长行业中获利了。”“看起来还有一些跑道可供增长和市场运行,但这可能是一条较短的跑道,我们降落在拉瓜迪亚机场,而不是丹佛市,”他补充道,他指的是两个以短跑道和长跑道而闻名的美国机场。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Old Wall Street wisdom about selling in May no longer makes sense<blockquote>华尔街关于五月抛售的古老智慧不再有意义</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOld Wall Street wisdom about selling in May no longer makes sense<blockquote>华尔街关于五月抛售的古老智慧不再有意义</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN</strong><span class=\"h-time small\">2021-05-04 08:51</span>\n</p>\n</h4>\n</header>\n<article>\n<p>New York (CNN Business)It's the first trading day of May for thestock market. And guess what? Investors should ignore the dumb, antiquated saying about selling in May and going away.</p><p><blockquote>纽约(CNN商业)这是股市五月的第一个交易日。你猜怎么着?投资者应该忽略关于五月卖出然后离开的愚蠢、过时的说法。</blockquote></p><p> The anachronistic idea goes something like this: An investor should lock in gains now and then mostly ignore the markets for the summer while sitting on a beach somewhere. And in 2021, it makes absolutely no sense.For one, it's not as if Corporate America and the economy go on summer break.Companies still announceearnings, make acquisitions and go public. TheFederal Reserve continues to meetand the government puts out data on the job market, retail sales, inflation and plenty of other things.With that in mind, investors need topay attention to the headlines— not what month it is.\"There is no proof of any kind that selling in May and going away will add value,\" said Paul Zemsky, chief investment officer of multi-asset strategies and solutions at Voya Investment Management.</p><p><blockquote>这个不合时宜的想法是这样的:投资者应该立即锁定收益,然后坐在某个地方的海滩上,在夏季基本上忽略市场。而在2021年,这完全没有意义。首先,美国企业和经济并没有进入暑假。公司仍然会公布收益、进行收购并上市。美联储继续开会,政府公布就业市场、零售销售、通货膨胀和许多其他数据。考虑到这一点,投资者需要关注头条新闻,而不是现在是哪个月。“没有任何证据表明5月份出售并离开会增加价值,”多资产首席投资官保罗·泽姆斯基(Paul Zemsky)表示Voya Investment Management的策略和解决方案。</blockquote></p><p> \"First of all, market timing is very hard. And we like stocks and are not going to change that opinion just because the calender says May,\" Zemsky said. \"The fundamentals remain strong and that's what we look at. The economy is on great footing.\"Corporate earnings for the first quarter have been solid across the board, and the outlooks from companies for the rest of the year have been healthy too.\"The strength of the current economic recovery and rebound in corporate earnings suggest it may be premature to expect a near-term seasonal peak in equities,\" said strategists at UBS Global Wealth Management in a recent report. \"We recommend investors stay invested, diversify exposure, and keep control of their wealth plan.\"</p><p><blockquote>“首先,市场时机非常困难。我们喜欢股票,不会因为日历上写着五月就改变这一观点,”泽姆斯基说。“基本面依然强劲,这也是我们所关注的。经济处于良好的基础上。”第一季度企业盈利全面稳健,今年剩余时间企业的前景也是健康的。瑞银全球财富管理策略师在最近的一份报告中表示:“当前经济复苏的力度和企业盈利的反弹表明,预计股市近期将出现季节性见顶可能为时过早。我们建议投资者保持投资,分散投资,并控制自己的财富计划。”</blockquote></p><p> It's also worth pointing out that selling in May and going away has been agood way to lose moneyfor the past few years. The S&P 500 rose 12% between the start of May and end of October last year.And according to data compiled by LPL Financial, the S&P 500 has averaged a 3.8% gain between May and October over the past 10 years. The only times the market went down in that period was in 2011 (an 8.1% drop) and in 2015, when the index fell a mere 0.3%.With that in mind, LPL Financial chief market strategist Ryan Detrick isn't advising that investors follow a \"sell in May\" strategy.\"With an accommodative Fed, fiscal and monetary policy, along with an economy that is opening faster than nearly anyone expected, we'd use any weakness as an opportunity to add to positions,\" Detrick said in a report.Still, one investing strategist is worried that the market's strong start to the year could lead to a summer swoon. After all, the S&P 500 is now up nearly 12% in 2021 and is not far from a record high.\"The catalysts are strong for a sell in May strategy with the hot start to 2021,\" said Jeff Carbone, managing partner for Cornerstone Wealth, in an email. \"It may be time to take some profits from the strong growth sectors that have had big runs in 2021.\"\"There looks to be some runway left for growth and room for the markets to run but it may be a shorter runway and we are landing in LaGuardia, not Denver,\" he added, referring to two US airports known for their short and long landing strips.</p><p><blockquote>还值得指出的是,在过去几年里,五月份卖出然后离开一直是亏损的好方法。去年5月初至10月底,标普500上涨了12%。根据LPL Financial汇编的数据,过去10年5月至10月期间,标普500平均上涨3.8%。在此期间市场唯一一次下跌是在2011年(下跌8.1%)和2015年,当时该指数仅下跌0.3%。考虑到这一点,LPL Financial首席市场策略师Ryan Detrick并不建议投资者遵循“五月卖出”策略。德特里克在一份报告中表示:“随着美联储、财政和货币政策的宽松,以及经济开放速度快于几乎所有人的预期,我们会利用任何疲软作为增仓的机会。”尽管如此,一位投资策略师担心,今年市场的强劲开局可能会导致夏季低迷。毕竟,标普500现在在2021年上涨了近12%,距离历史新高不远了。基石财富管理合伙人杰夫·卡本(Jeff Carbone)在一封电子邮件中表示:“随着2021年的火热开局,5月份卖出策略的催化剂很强。”“可能是时候从2021年大幅上涨的强劲增长行业中获利了。”“看起来还有一些跑道可供增长和市场运行,但这可能是一条较短的跑道,我们降落在拉瓜迪亚机场,而不是丹佛市,”他补充道,他指的是两个以短跑道和长跑道而闻名的美国机场。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://edition.cnn.com/2021/05/03/investing/investing-stocks-may-strategy/index.html\">CNN</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://edition.cnn.com/2021/05/03/investing/investing-stocks-may-strategy/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191503043","content_text":"New York (CNN Business)It's the first trading day of May for thestock market. And guess what? Investors should ignore the dumb, antiquated saying about selling in May and going away.\nThe anachronistic idea goes something like this: An investor should lock in gains now and then mostly ignore the markets for the summer while sitting on a beach somewhere. And in 2021, it makes absolutely no sense.For one, it's not as if Corporate America and the economy go on summer break.Companies still announceearnings, make acquisitions and go public. TheFederal Reserve continues to meetand the government puts out data on the job market, retail sales, inflation and plenty of other things.With that in mind, investors need topay attention to the headlines— not what month it is.\"There is no proof of any kind that selling in May and going away will add value,\" said Paul Zemsky, chief investment officer of multi-asset strategies and solutions at Voya Investment Management.\n\"First of all, market timing is very hard. And we like stocks and are not going to change that opinion just because the calender says May,\" Zemsky said. \"The fundamentals remain strong and that's what we look at. The economy is on great footing.\"Corporate earnings for the first quarter have been solid across the board, and the outlooks from companies for the rest of the year have been healthy too.\"The strength of the current economic recovery and rebound in corporate earnings suggest it may be premature to expect a near-term seasonal peak in equities,\" said strategists at UBS Global Wealth Management in a recent report. \"We recommend investors stay invested, diversify exposure, and keep control of their wealth plan.\"\nIt's also worth pointing out that selling in May and going away has been agood way to lose moneyfor the past few years. The S&P 500 rose 12% between the start of May and end of October last year.And according to data compiled by LPL Financial, the S&P 500 has averaged a 3.8% gain between May and October over the past 10 years. The only times the market went down in that period was in 2011 (an 8.1% drop) and in 2015, when the index fell a mere 0.3%.With that in mind, LPL Financial chief market strategist Ryan Detrick isn't advising that investors follow a \"sell in May\" strategy.\"With an accommodative Fed, fiscal and monetary policy, along with an economy that is opening faster than nearly anyone expected, we'd use any weakness as an opportunity to add to positions,\" Detrick said in a report.Still, one investing strategist is worried that the market's strong start to the year could lead to a summer swoon. After all, the S&P 500 is now up nearly 12% in 2021 and is not far from a record high.\"The catalysts are strong for a sell in May strategy with the hot start to 2021,\" said Jeff Carbone, managing partner for Cornerstone Wealth, in an email. \"It may be time to take some profits from the strong growth sectors that have had big runs in 2021.\"\"There looks to be some runway left for growth and room for the markets to run but it may be a shorter runway and we are landing in LaGuardia, not Denver,\" he added, referring to two US airports known for their short and long landing strips.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":625,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/106117944"}
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