June Market Preview: How shifts in Coronavirus, unemployment could move stocks
Typically, the old adage "sell in May and go away" is pretty smart. The tumultuous downturn through early 2020 has changed that. June will be a month to sit and watch. A prolonged economic slump seems likely and could weigh heavily on investing strategy in the near future.
We've watched the market rally through the tail end of May, but the strength of that rally is dependent on many factors. Second quarter earnings are expected to paint a more complete picture of the pandemic's financial burden to companies -- but most businesses won't report until the mid part of July. To determine our investing strategies in the meantime, we must be watchful of the economic influences that provide signals of what's to come this summer.
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Source Fool.com