Archive for April, 2012

April 2012

April 30, 2012  |   Monthly Commentary   |     |   0 Comment

As we conclude another robust earnings season, media attention has fixated on select weaker economic data, while ignoring economic strength. In the previous two years, global economic activity has slowed as spring arrived in the northern hemisphere. Anticipating a third consecutive year of second quarter weakness, investors over the last six weeks have reacted by selling stocks and buying Treasury notes. Again this year, the insidious phrase “sell in May and go away” is freely ...