In the previous post, we have addressed one of the seasonal stock market anomalies, namely the strategy of "selling in May" and how it has fared for the Straits Times Index (STI).  From the data, it was established that the Singapore blue-chip benchmark typically turns in lackluster performance in May with an average return of -1.68% over the last 20 years. Within that time frame, the month...

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There is an old financial adage to “sell in May and go away”. According to it, investors are better off divesting their stocks and holding cash in May and wait to reinvest in November.  This seasonal pattern is based on the premise that the six "summer" months of May through October typically register lower gains than the six "winter" months of November through April. The theory of...

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