S&P 500 Rises 8.9% Since May, Defying 'Sell in May or June' Adage

The adage 'Sell in May and go away' has not held true this year. Contrary to traditional market wisdom, the S&P 500 has risen by 8.9% since May. Analysts had advised investors to 'Buy in May and Stay,' which has proven to be a successful strategy. This year's market performance suggests that selling in May or June is not always the best course of action, particularly in non-bear markets.