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Andrew Keshner is a personal finance reporter for MarketWatch who covers taxes, debt, insurance, jobs, consumers and more. He previously worked for the New York Daily News, the New York Law Journal and The Southampton Press. You can follow him on X and LinkedIn.
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Charles Passy covers a variety of topics, includingpersonal finance, food, entertainment and anything and everything trending and quirky. He also writes the Weekend Sip column, which covers wine, spirits and beer. In his spare time, he obsesses about where to find the perfect slice of New York-style pizza.Follow him on Twitter @CharlesPassy.
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Charlie Garcia is the founder of R360, a global community of individuals and families with a net worth of $100 million or more. He is editor-in-chief of the Night Owl, R360’s exclusive publication delivering contrarian insights into global markets. Garcia is the author of the books “A Message From Garcia” and “Leadership Lessons of the White House Fellows.” A bitcoin enthusiast, he runs his own node.
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With the S&P 500 on pace for a 16% yearly gain already, investors find themselves at a familiar crossroads: lock in profits while they are hot, or stay greedy and bet on a typical year-end rally that could push stocks to new highs.
The S&P 500 SPX just defied one of Wall Street’s most entrenched seasonal clichés — “sell in May and go away” — with its strongest May-through-October stretch since 1950. Historically, this six-month stretch is the worst seasonal period for stocks, with an average gain of only 2.1%, according to data compiled by LPL Financials. But this time, the S&P 500 advanced 22.9% during the period, while the Dow Jones Industrial Average DJIA was up nearly 17% and the Nasdaq Composite COMP surged 36%, according to FactSet data.