The talk of raising rates by various regional Fed presidents surely is not supportive for asset prices. Indeed, since higher yields translate into lower stock prices, these press announcements are bound to put a damper on bull market expectations.
In general, May is not a hot month for stock prices. Today’s diagram shows that the market was weak and negative in the past. Such downward pressure exists in bull markets and in bear markets.
Yet for 2014 May -so far- shows a better record than in the previous years of this, since 2009, bull market.
DJIA -.83 percent
NASDAQ -.70 percent
S&P500 -.65 percent
