Day: May 30, 2024

Is It Time To Sell In May and Go Away?

It’s the end of a wild month. We saw Nvidia blow out earnings once again, treasury yields spiked, putting a damper on the bull rally, and now the market is wondering if a July Fed cut will happen. With most of this earnings season out of the way, rising yields are the headwind of this market moving higher. But why are they rising now? What’s in store for June? Let’s review what the charts tell us.