A new Wall Street proverb is born: "Buy in May and enjoy the profits"

According to the Wise Finance APP, there is a famous Wall Street saying, "Sell in May and go away." This investment strategy believes that stocks often perform poorly from May to October. Therefore, investors should sell their positions and hold cash in early May, then buy back at a lower price during the autumn market correction. However, the recent recovery of the US stock market in May has replaced this old saying with a new one: "Buy in May and enjoy the profits."