'Sell In May And Go Away' Doesn't Work During Election Years

“Sell in May and go away” isn’t just a myth, Bank of America says in a new report out this morning.

Bank of America crunched six-month market returns over the past 80 years and found the weakest period to be from May to October, averaging just 1.84 per cent growth (compared to the 3.57 per cent average). 

Below, a breakdown of all returns.

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Photo: Bank of America Merrill Lynch

However, this trend isn’t so obvious when you look at just election years.  Six-month returns during election years substantively higher growth — registering at 4.01 per cent.

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Photo: Bank of America Merrill Lynch

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