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Cem Karsan: Sell In May & Go Away

May represents a dangerous gateway to the summer, notes Cem Karsan. He discusses the outlook for markets from a technical perspective. His market notes include to sell in May and go away and he highlights that we are amidst a topping process (not too dissimilar for November to February 2022). He talks about how the month prior to the quarterly opex is dangerous and the Fed will have to keep selling calls (keeping rates tight) for the foreseeable future. He goes over how interest rate liquidity operates with massive lag to financial markets. He also mentions the dangers of a continued market rally. He suggests what it could create more potential realized volatility from higher market levels, and inflation will likely remain sticky. Tune in to find out more about the stock market today.

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18 May 2023

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