Chart of the Day
If you averaged the yearly performance of the Dow since its inception in 1896, you would get the blue line in the following chart. The gold line represents the average year since 1990. What does the chart show? The blue line helps demonstrate what investors often refer to as the 'summer rally' as well as the 'year-end rally'. Since 1990, however, the average summer rally has been less significant, thereby lending credence to the old Wall Street adage, "sell in May and walk away."
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