May Maybe
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May Maybe

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End of week, end of month,  no inflation, dollar soft, Exxon and Chevron get ugly, Woodstock for Capitalists and a dying breed.
Financial Review by Sinclair Noe for 04-29-2016
DOW – 57 = 17,773
SPX – 10 = 2065
NAS – 29 = 4775
10 Y - .02 = 1.82
OIL - .11 = 45.92
GOLD + 26.00 = 1293.40
SILV+ .29 = 17.92

Stocks fell for the second straight day, though the averages closed well off their lows. For the week, the Dow lost 1.2%, the S&P 500 down1.2%, and the Nasdaq down 2.6%. The Dow and the S&P 500 ended with month with modest gains while the Nasdaq slipped about 2%. Crude futures closed 11 cents lower at $45.92 a barrel, after hitting a year-to-date high at $46.78. It gained 20 percent in April, the biggest monthly gain in a year.

Sell in May and go away is a well-known trading adage that warns investors to sell their stock holdings in May to avoid a seasonal decline in equity markets. The "sell in May and go away" strategy is that an investor who sells his or her stock holdings

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