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Market Themes · 20 articles
Does \”Sell in May and Go Away\” Hold Up?
Market Themes 05 Oct · 8 min

Does \”Sell in May and Go Away\” Hold Up?

The Sell in May effect appeared in historical research, but later evidence is weaker. See what the seasonality means and why it is unreliable alone.

Why Markets Sometimes Rally on Bad News
Market Themes 05 Oct · 7 min

Why Markets Sometimes Rally on Bad News

Stocks can rally on weak data when lower rate expectations help valuations more than growth fears hurt earnings. The market regime decides which effect wins.

Why Bubbles Are So Hard to Spot in Real Time
Market Themes 05 Oct · 6 min

Why Bubbles Are So Hard to Spot in Real Time

Bubbles look obvious after they burst. In real time, strong fundamentals, changing discount rates and speculative behavior are hard to separate.