This year is time to buy in May for a summer rally: Bank of America

[ad_1]

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York City, November 21, 2019.

Lucas Jackson | Reuters

(This story is for CNBC Pro subscribers only.)

Sell in May and go away? Many investors are likely considering taking profits in this tumultuous environment due to the coronavirus pandemic, happy to make some money back in the bounce from the March lows. The summer’s rough seasonal history is only adding to reasons to cut and run.

But investors may want to rethink that based on an exception that occurs to the sell-in-May trend every few years, Bank of America said.

[ad_2]

This content first appear on cnbc

Related post