by Jack
It’s starting a little late, but it looks like the summer slump has arrived. Tradtionally the market takes a vacation in in May and does’nt start getting serious until after the summer. Thus the saying, “Go away in May.”
The S&P 500 fell 0.55% today. Participation in the decline was broad on the New York Stock Exchange where declining issues outpaced advancing issues by 1,900 to 1,102. During the last 5 trading days, the S&P 500 has lost 1.73% to close at 1,631.38.