The Federal Reserve has entered a two-day meeting that will end with an announcement about its decision regarding interest rates. In the meantime, debate on Wall Street has been raging over how, when, and if the Fed will raise rates.
Villere & Co Portfolio Manager Sandy Villere joins Market Domination to give insight into the potential movements from the Fed and what investors should keep in mind as we head into a historically weaker period in the year for the market.
Villere offers this advice: “The old adage sell in May and go away is kind of accurate. If you look at the seasonally week period from May through October, it’s underperformed the seasonally stronger period, November to April, by about 6% or so. When I’m looking at investing in stocks, though, or selling, I rarely look at any calendar month: we’re long-term buy and hold. So I’m not going to go with the old adage, but there is some truth behind it. “
For more expert insight and the latest market action, click here to watch this full episode of Market Domination.
This post was written by Nicholas Jacobino
