“Sell in May and go away” is an old adage in the stock market, and it might be especially applicable this year. Markets have risen significantly of late, with the S&P 500 up about 16% from a low point in early October. The gains are driven by expectations the Federal Reserve will soon pause its interest rate increases as the rate of inflation has declined, providing less incentive for the central bank to rein in economic demand. Now, the market is running into a wall. The S&P 500, at just over…
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