“Sell in May and go away” is probably the most widely cited cliché in stock
Negative interest rates are likely to persist as two central banks reiterated
their commitment and a third, the Bank of Japan (BOJ), could do the
same this week.
As the third of eight Federal Open Market Committee (FOMC) meetings of 2016
approaches later this week, the market and the Federal Reserve (Fed) again
remain deeply divided over the timing and pace of Fed rate hikes.
Value stocks have staged a comeback versus growth after a long losing streak.
Low yields coupled with fair valuations send a mixed message from the
municipal bond market.