Schwab Market Perspective

Schwab Market Perspective: Schwab Market Perspective: Sell in May…or Settle In?

by Liz Ann Sonders, Senior Vice President, Chief Investment Strategist; Jeffrey Kleintop Senior Vice President and Chief Global Investment Strategist, Charles Schwab & Co, Inc.; Brad Sorensen, CFA, Director of Market and Sector Analysis, Schwab Center for Financial Research

May 11, 2017

“Sell in May” is a popular Wall Street saying, but this year may be setting up to refute it.

Key points

U.S. stocks are again trading near record highs and despite entering a traditionally soft seasonal time of the year, the investing landscape remains healthy.

Economic data has improved since the seasonally-weak first quarter; on track for a June rate hike by the Fed (and at least one more after that this year). Meanwhile, earnings season has bested even elevated expectations and the fiscal stimulus remains on the

horizon to the cheers of business leaders.

Chinese economic indicators are showing signs of slowing, which could lead to a near term retrenchment in emerging market equities.

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