Thanks for the reminder! Sell _老虎社区_美港股上老虎

2021-05-03

Thanks for the reminder! Sell in May and go away

U.S. stocks have risen to all-time highs this year. Should you ‘sell in May and go away’?<blockquote>美国股市今年已升至历史新高。你应该“五月卖掉然后离开”吗？</blockquote>

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":108899934,"tweetId":"108899934","gmtCreate":1620008416928,"gmtModify":1634208567034,"author":{"id":3579096500575753,"idStr":"3579096500575753","authorId":3579096500575753,"authorIdStr":"3579096500575753","name":"Milankaka","avatar":"https://static.tigerbbs.com/288ce834db4366c3536976047323d1ce","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":12,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body>Thanks for the reminder! Sell in May and go away&nbsp;</body></html>","htmlText":"<html><head></head><body>Thanks for the reminder! Sell in May and go away&nbsp;</body></html>","text":"Thanks for the reminder! Sell in May and go away","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/108899934","repostId":2132548564,"repostType":4,"repost":{"id":"2132548564","kind":"highlight","pubTimestamp":1620001778,"share":"https://www.laohunote.com/m/news/2132548564?lang=zh_CN&edition=full","pubTime":"2021-05-03 08:29","market":"us","language":"en","title":"U.S. stocks have risen to all-time highs this year. Should you ‘sell in May and go away’?<blockquote>美国股市今年已升至历史新高。你应该“五月卖掉然后离开”吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2132548564","media":"MarketWatch","summary":"In the past, the sell-in-May strategy shakes out better in Europe than in the U.S.\n\nStocks have been","content":"In the past, the sell-in-May strategy shakes out better in Europe than in the U.S.<blockquote>过去，五月卖出策略在欧洲比在美国更受欢迎。</blockquote> <img src=\"https://static.tigerbbs.com/18b93b4406770158f62b0e2dd392f424\" tg-width=\"1260\" tg-height=\"822\"><blockquote></blockquote> Stocks have been on a tear this year, leaving investors to question whether to \"sell in May and go away.\"<blockquote>今年以来，股市一直在下跌，让投资者质疑是否“五月卖出并离开”。</blockquote> \"With stocks at record highs, some investors may be tempted to follow the old adage,\" a team of strategists at UBS Group's global wealth management division, wrote in a note Friday.<blockquote>瑞银集团全球财富管理部门的一组策略师在周五的一份报告中写道：“随着股市创下历史新高，一些投资者可能会遵循这句古老的格言。”</blockquote> The hypothesis is that equities tend to underperform in the six months through October, so investors should sell stocks at the start of May, invest in cash and then re-enter the market in late autumn, the strategists said. Historically, the approach has worked for Europe, but not as well in the U.S., according to their note.<blockquote>策略师表示，假设股市在截至 10 月份的六个月内往往表现不佳，因此投资者应该在 5 月初出售股票，投资现金，然后在深秋重新进入市场。根据他们的笔记，从历史上看，这种方法对欧洲有效，但对美国则不然。</blockquote> \"In the U.S., a stay invested strategy has tended to outperform, particularly in recent years,\" the strategists said. \"Market composition, with the U.S. market more tilted towards growth stocks, partly explains the outperformance.\"<blockquote>策略师表示：“在美国，维持投资策略往往跑赢大盘，尤其是近年来。”“市场构成，美国市场更倾向于成长型股票，在一定程度上解释了表现优异的原因。”</blockquote> <img src=\"https://static.tigerbbs.com/b499645739c349ea55647a2512665932\" tg-width=\"1064\" tg-height=\"808\"><blockquote></blockquote> The technology sector now accounts for 27% of the S&amp;P 500, or much higher than the 8% weighting for the MSCI Europe index, according to UBS. For that reason, investors who tried timing the U.S. equity benchmark for \"seasonal reasons\" would have missed the outperformance of growth stocks in the bull market since the global financial crisis of 2008-09.<blockquote>根据瑞银的数据，科技行业目前占标普500的 27%，远高于 MSCI 欧洲指数的 8% 权重。因此，出于“季节性原因”试图把握美国股市基准的投资者将错过自 2008-09 年全球金融危机以来牛市中成长型股票的优异表现。</blockquote> Using the past as a guide, the UBS team recommends staying invested, even through they also point to historical evidence in Europe that supported a sell-in-May strategy.<blockquote>瑞银团队以过去为指导，建议保持投资，尽管他们还指出了欧洲支持五月卖出策略的历史证据。</blockquote> Over the past 15 years, returns in Europe have been negative in June 80% of the time, according to the report. \"This has contributed to a sell-in-May strategy outperforming a stay invested strategy during those years,\" the strategists said.<blockquote>报告称，过去 15 年来，欧洲 6 月份 80% 的回报率为负。策略师表示：“这导致五月卖出策略在那些年里优于维持投资策略。”</blockquote> Meanwhile, the U.S. stock market has risen to all-time records this year, including as recently as this week, as measured by the S&amp;P 500 and Dow Jones Industrial Average benchmarks. The S&amp;P 500 rose to a record 4,211.47 finish on April 29, for example, and was up 11.3% this year as of Friday's close.<blockquote>与此同时，以标普500和道琼斯工业平均指数衡量，美国股市今年已升至历史新高，包括最近本周。例如，4 月 29 日，标普500指数上涨至创纪录的 4,211.47 点，截至周五收盘，今年已上涨 11.3%。</blockquote> \"We are now entering a time of year when stocks have historically found it more challenging to advance,\" according to the UBS report. \"With many equity indexes making new highs, some measures of sentiment looking extended, and ongoing concerns about the spread of new COVID-19 variants,\" some investors may be contemplating selling.<blockquote>瑞银报告称：“我们现在正进入一年中的一个时期，历史上股市上涨更具挑战性。”“随着许多股票指数创下新高，一些情绪指标看起来延长，以及对新的 COVID-19 变种传播的持续担忧，”一些投资者可能正在考虑抛售。</blockquote> Billionaire investor Leon Cooperman, a self-described \"fully invested bear,\" told CNBC on Friday that he has \"an eye on the exit\" given a coming expected rise in taxes, inflation and a \"reasonably richly appraised market.\"<blockquote>亿万富翁投资者莱昂·库珀曼 (Leon Cooperman) 自称是“完全投资的空头”，他周五对 CNBC 表示，鉴于即将到来的税收、通货膨胀和“估值合理丰富的市场”的预期上升，他“密切关注退出”。</blockquote> Ryan Detrick, chief market strategist for LPL Financial, said in a blog Friday that the six months from May through October have been \"some of the weakest months of the year for stocks\" in the past 10 years. \"But with an accommodative Fed, fiscal and monetary policy, along with an economy that is opening faster than nearly anyone expected, we'd use any weakness as an opportunity to add to positions,\" he said.<blockquote>LPL Financial 首席市场策略师瑞安·德特里克 (Ryan Detrick) 周五在博客中表示，5 月至 10 月的六个月是过去 10 年来“股市一年中最疲软的几个月”。“但随着美联储宽松的财政和货币政策，以及经济开放速度快于几乎任何人的预期，我们会利用任何疲软作为增加头寸的机会，”他表示。</blockquote> <img src=\"https://static.tigerbbs.com/50be26e2a50ece27ce6023a634a9e705\" tg-width=\"1260\" tg-height=\"725\"><blockquote></blockquote> \"Here's the catch,\" Detrick said. \"Stocks have actually been higher during these worst months of the year eight of the past ten years.\"<blockquote>“问题来了，”德特里克说。“在过去十年中最糟糕的第八个月份，股市实际上一直在走高。”</blockquote>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. stocks have risen to all-time highs this year. Should you ‘sell in May and go away’?<blockquote>美国股市今年已升至历史新高。你应该“五月卖掉然后离开”吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. stocks have risen to all-time highs this year. Should you ‘sell in May and go away’?<blockquote>美国股市今年已升至历史新高。你应该“五月卖掉然后离开”吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMarketWatch2021-05-03 08:29\n\n</h4>\n</header>\n<article>\nIn the past, the sell-in-May strategy shakes out better in Europe than in the U.S.<blockquote>过去，五月卖出策略在欧洲比在美国更受欢迎。</blockquote> <img src=\"https://static.tigerbbs.com/18b93b4406770158f62b0e2dd392f424\" tg-width=\"1260\" tg-height=\"822\"><blockquote></blockquote> Stocks have been on a tear this year, leaving investors to question whether to \"sell in May and go away.\"<blockquote>今年以来，股市一直在下跌，让投资者质疑是否“五月卖出并离开”。</blockquote> \"With stocks at record highs, some investors may be tempted to follow the old adage,\" a team of strategists at UBS Group's global wealth management division, wrote in a note Friday.<blockquote>瑞银集团全球财富管理部门的一组策略师在周五的一份报告中写道：“随着股市创下历史新高，一些投资者可能会遵循这句古老的格言。”</blockquote> The hypothesis is that equities tend to underperform in the six months through October, so investors should sell stocks at the start of May, invest in cash and then re-enter the market in late autumn, the strategists said. Historically, the approach has worked for Europe, but not as well in the U.S., according to their note.<blockquote>策略师表示，假设股市在截至 10 月份的六个月内往往表现不佳，因此投资者应该在 5 月初出售股票，投资现金，然后在深秋重新进入市场。根据他们的笔记，从历史上看，这种方法对欧洲有效，但对美国则不然。</blockquote> \"In the U.S., a stay invested strategy has tended to outperform, particularly in recent years,\" the strategists said. \"Market composition, with the U.S. market more tilted towards growth stocks, partly explains the outperformance.\"<blockquote>策略师表示：“在美国，维持投资策略往往跑赢大盘，尤其是近年来。”“市场构成，美国市场更倾向于成长型股票，在一定程度上解释了表现优异的原因。”</blockquote> <img src=\"https://static.tigerbbs.com/b499645739c349ea55647a2512665932\" tg-width=\"1064\" tg-height=\"808\"><blockquote></blockquote> The technology sector now accounts for 27% of the S&amp;P 500, or much higher than the 8% weighting for the MSCI Europe index, according to UBS. For that reason, investors who tried timing the U.S. equity benchmark for \"seasonal reasons\" would have missed the outperformance of growth stocks in the bull market since the global financial crisis of 2008-09.<blockquote>根据瑞银的数据，科技行业目前占标普500的 27%，远高于 MSCI 欧洲指数的 8% 权重。因此，出于“季节性原因”试图把握美国股市基准的投资者将错过自 2008-09 年全球金融危机以来牛市中成长型股票的优异表现。</blockquote> Using the past as a guide, the UBS team recommends staying invested, even through they also point to historical evidence in Europe that supported a sell-in-May strategy.<blockquote>瑞银团队以过去为指导，建议保持投资，尽管他们还指出了欧洲支持五月卖出策略的历史证据。</blockquote> Over the past 15 years, returns in Europe have been negative in June 80% of the time, according to the report. \"This has contributed to a sell-in-May strategy outperforming a stay invested strategy during those years,\" the strategists said.<blockquote>报告称，过去 15 年来，欧洲 6 月份 80% 的回报率为负。策略师表示：“这导致五月卖出策略在那些年里优于维持投资策略。”</blockquote> Meanwhile, the U.S. stock market has risen to all-time records this year, including as recently as this week, as measured by the S&amp;P 500 and Dow Jones Industrial Average benchmarks. The S&amp;P 500 rose to a record 4,211.47 finish on April 29, for example, and was up 11.3% this year as of Friday's close.<blockquote>与此同时，以标普500和道琼斯工业平均指数衡量，美国股市今年已升至历史新高，包括最近本周。例如，4 月 29 日，标普500指数上涨至创纪录的 4,211.47 点，截至周五收盘，今年已上涨 11.3%。</blockquote> \"We are now entering a time of year when stocks have historically found it more challenging to advance,\" according to the UBS report. \"With many equity indexes making new highs, some measures of sentiment looking extended, and ongoing concerns about the spread of new COVID-19 variants,\" some investors may be contemplating selling.<blockquote>瑞银报告称：“我们现在正进入一年中的一个时期，历史上股市上涨更具挑战性。”“随着许多股票指数创下新高，一些情绪指标看起来延长，以及对新的 COVID-19 变种传播的持续担忧，”一些投资者可能正在考虑抛售。</blockquote> Billionaire investor Leon Cooperman, a self-described \"fully invested bear,\" told CNBC on Friday that he has \"an eye on the exit\" given a coming expected rise in taxes, inflation and a \"reasonably richly appraised market.\"<blockquote>亿万富翁投资者莱昂·库珀曼 (Leon Cooperman) 自称是“完全投资的空头”，他周五对 CNBC 表示，鉴于即将到来的税收、通货膨胀和“估值合理丰富的市场”的预期上升，他“密切关注退出”。</blockquote> Ryan Detrick, chief market strategist for LPL Financial, said in a blog Friday that the six months from May through October have been \"some of the weakest months of the year for stocks\" in the past 10 years. \"But with an accommodative Fed, fiscal and monetary policy, along with an economy that is opening faster than nearly anyone expected, we'd use any weakness as an opportunity to add to positions,\" he said.<blockquote>LPL Financial 首席市场策略师瑞安·德特里克 (Ryan Detrick) 周五在博客中表示，5 月至 10 月的六个月是过去 10 年来“股市一年中最疲软的几个月”。“但随着美联储宽松的财政和货币政策，以及经济开放速度快于几乎任何人的预期，我们会利用任何疲软作为增加头寸的机会，”他表示。</blockquote> <img src=\"https://static.tigerbbs.com/50be26e2a50ece27ce6023a634a9e705\" tg-width=\"1260\" tg-height=\"725\"><blockquote></blockquote> \"Here's the catch,\" Detrick said. \"Stocks have actually been higher during these worst months of the year eight of the past ten years.\"<blockquote>“问题来了，”德特里克说。“在过去十年中最糟糕的第八个月份，股市实际上一直在走高。”</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.marketwatch.com/story/u-s-stocks-have-risen-to-all-time-highs-this-year-should-you-sell-in-may-and-go-away-11619818845?mod=home-page\">MarketWatch</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","OEF":"标普100指数ETF-iShares","UPRO":"三倍做多标普500ETF-ProShares",".IXIC":"NASDAQ Composite","IVV":"标普500ETF-iShares","SPXU":"三倍做空标普500ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares","OEX":"标普100",".SPX":"S&P 500 Index","SH":"做空标普500-Proshares",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/u-s-stocks-have-risen-to-all-time-highs-this-year-should-you-sell-in-may-and-go-away-11619818845?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2132548564","content_text":"In the past, the sell-in-May strategy shakes out better in Europe than in the U.S.\n\nStocks have been on a tear this year, leaving investors to question whether to \"sell in May and go away.\"\n\"With stocks at record highs, some investors may be tempted to follow the old adage,\" a team of strategists at UBS Group's global wealth management division, wrote in a note Friday.\nThe hypothesis is that equities tend to underperform in the six months through October, so investors should sell stocks at the start of May, invest in cash and then re-enter the market in late autumn, the strategists said. Historically, the approach has worked for Europe, but not as well in the U.S., according to their note.\n\"In the U.S., a stay invested strategy has tended to outperform, particularly in recent years,\" the strategists said. \"Market composition, with the U.S. market more tilted towards growth stocks, partly explains the outperformance.\"\n\nThe technology sector now accounts for 27% of the S&P 500, or much higher than the 8% weighting for the MSCI Europe index, according to UBS. For that reason, investors who tried timing the U.S. equity benchmark for \"seasonal reasons\" would have missed the outperformance of growth stocks in the bull market since the global financial crisis of 2008-09.\nUsing the past as a guide, the UBS team recommends staying invested, even through they also point to historical evidence in Europe that supported a sell-in-May strategy.\nOver the past 15 years, returns in Europe have been negative in June 80% of the time, according to the report. \"This has contributed to a sell-in-May strategy outperforming a stay invested strategy during those years,\" the strategists said.\nMeanwhile, the U.S. stock market has risen to all-time records this year, including as recently as this week, as measured by the S&P 500 and Dow Jones Industrial Average benchmarks. The S&P 500 rose to a record 4,211.47 finish on April 29, for example, and was up 11.3% this year as of Friday's close.\n\"We are now entering a time of year when stocks have historically found it more challenging to advance,\" according to the UBS report. \"With many equity indexes making new highs, some measures of sentiment looking extended, and ongoing concerns about the spread of new COVID-19 variants,\" some investors may be contemplating selling.\nBillionaire investor Leon Cooperman, a self-described \"fully invested bear,\" told CNBC on Friday that he has \"an eye on the exit\" given a coming expected rise in taxes, inflation and a \"reasonably richly appraised market.\"\nRyan Detrick, chief market strategist for LPL Financial, said in a blog Friday that the six months from May through October have been \"some of the weakest months of the year for stocks\" in the past 10 years. \"But with an accommodative Fed, fiscal and monetary policy, along with an economy that is opening faster than nearly anyone expected, we'd use any weakness as an opportunity to add to positions,\" he said.\n\n\"Here's the catch,\" Detrick said. \"Stocks have actually been higher during these worst months of the year eight of the past ten years.\"","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"ESmain":0.9,"SPXU":0.9,"OEF":0.9,"SSO":0.9,"UPRO":0.9,".IXIC":0.9,"SDS":0.9,".DJI":0.9,"OEX":0.9,"IVV":0.9,".SPX":0.9,"SH":0.9}},"isVote":1,"tweetType":1,"viewCount":488,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":39,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/108899934"}