“Sell in May”: Myth or Real Market Mover?
The legend says that the phrase originally came from an old English saying: "Sell in May and go away, and come back on St. Leger's Day." This advice was linked to British aristocrats who used to leave the hot city of London during the summer and return after the St. Leger's Stakes horse race in September. What began as a lifestyle choice for the wealthy has turned into a financial strategy observed in stock markets globally.