Continuation of "Sell in May"
We have mentioned the famous market saying in the United States, "Sell in May". It is said that this is because stock prices, which have been on an upward trend since the beginning of the year, tend to stabilize during this time. In addition, many hedge funds have earnings announcements in May and November, so they adjust their portfolios.
Although originally an American saying, does it apply to Japan as well?
Unfortunately, the result followed the saying. On May 23rd, Japanese stocks plummeted and then experienced volatility for a while. The main reasons were concerns that the scale of financial easing would be reduced early in the United States and the deterioration of the HSBC China Manufacturing Purchasing Managers' Index (PMI) in May, which indicates the outlook for the Chinese economy.
Will stock prices hit bottom in September?
This famous saying has a continuation: "Don't come back until St. Leger’s day (Do not return to the market until the St. Leger's Day, a big horse racing event held on the second Saturday of September)" or "But remember to come back in September (Do not forget to return to the market in September)". Both indicate that there is a tendency for stock prices to hit bottom around September.
Although originally an American saying, does it apply to Japan as well?
Unfortunately, the result followed the saying. On May 23rd, Japanese stocks plummeted and then experienced volatility for a while. The main reasons were concerns that the scale of financial easing would be reduced early in the United States and the deterioration of the HSBC China Manufacturing Purchasing Managers' Index (PMI) in May, which indicates the outlook for the Chinese economy.
Will stock prices hit bottom in September?
This famous saying has a continuation: "Don't come back until St. Leger’s day (Do not return to the market until the St. Leger's Day, a big horse racing event held on the second Saturday of September)" or "But remember to come back in September (Do not forget to return to the market in September)". Both indicate that there is a tendency for stock prices to hit bottom around September.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Kimihiko OP : It's the season where you have to buy.
Mr. Hirose Takao has turned bullish.