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Reposition in May! Worst Six Months Great Time for Sidelines
Released on Tuesday, June 6, 2023•STOCKS
Elevated risk has been historically observed during the "Worst Six Months" of the year. Tepid returns during May-October make reducing long exposure and developing a defensive strategy the wise approach. In the Almanac Investor Stock and ETF Portfolios, we do not merely "sell in May and go away." Instead, we take some profits, trim, or outright sell underperforming stock and ETF positions, tighten stop losses, and limit adding new long exposure to positions from sectors that have demonstrated a record of outperforming during the "Worst Months" period.
Jeffrey Hirsch
The Stock Trader's Almanac & Almanac Investor,
Editor-in-Chief
Jeffrey A. Hirsch is CEO of Hirsch Holdings, editor-in-chief of the Stock Trader's Almanac, and publisher of Almanac Investor at www.stocktradersalmanac.com. Mr. Hirsch is the author of The Little Book of Stock Market Cycles (Wiley, 2012) and Super Boom: Why the Dow Will Hit 38,820 and How You Can Profit from It (Wiley, 2011). He worked with founder Yale Hirsch for over twenty years, taking over for him in 2001. A 35-year Wall Street veteran, he appears on CNBC, Bloomberg, Fox Business, and many other financial media outlets. Now in its 57th year, the Stock Trader’s Almanac has been published every year since 1968.
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