"Summer Rally Challenges 'Sell in May and Go Away' Rule"

Bank of America suggests that investors who follow the "sell in May and go away" investment strategy could miss out on a summer rally in the stock market later this year. The stock market tends to rally during the summer of the third year of a presidential cycle, with June and August showing solid average returns of nearly 1% and July delivering an average return of 1.67%. Instead of "sell in May and go away," Bank of America suggests "buy in May and sell July/August."