Man, what a brutal May. As the Tariff Wars continue, it appears the old adage of sell in May and go away holds true this year. If you’re still long and willing/able to hold for a year, I’d advise to stay long to accumulate time on Capital Gains. Despite all the doom and gloom, the fundamentals still support the current bull cycle and a year from now we should be looking at new highs. But I do anticipate a flat or lower current market through the end of summer with a year-end melt-up possible. Which makes for an easy Top 5 this month:

  1. Cash
  2. Cash
  3. Cash
  4. Cash
  5. Cash

No one wants to catch a falling knife.