"Sell in May and go away"? Well not this time around…
Despite the worst GDP figure since 2011 and the biggest drop in consumer spending since 2009, May has been a great month for the bulls with two consecutive all-time record highs for the S&P500 and just shy of record highs in the Dow Jones. For Gold and Silver things were less rosy with the last week of May pushing the precious metal 3%-4% down for the worst week in 8 months. Interested in the surprise of the month?
And the Oscar goes to Russia…
I bet you are not surprised!
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