Sell in May? Au contraire. Yesterday's down day (a whole 21bps) was the worst for the S&P since the first of the month. It's been quite a ride thus far and so today's response to yesterday's "move" was equally undramatic. It seems the path of least resistance remains to the upside for US equities and some notable levels were breached at the bell (albeit modestly) with the S&P500 closing above 5,300 while the Dow closed above 40,000. But the question top of mind is around the lack of clear leade…
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