History Debunks 'Sell in May' as S&P 500 Dips 0.41% to 7,200.75
On May 5, 2026, the S&P 500 traded at 7,200.75, down 0.41%, amid fresh commentary rejecting the 'Sell in May and go away' adage. After early-2026 volatility—with Nasdaq in correction and S&P/Dow nearing it before rebounding—the index surged about 10% in April. Articles from Fidelity, JPMorgan, Yardeni, and Carson Group highlight April's historical +1.39% average since 1928 (up 80% of recent years), May's +1.5% past decade average, and positive returns in the last five Mays, advising long-term investors to ignore seasonality and stay invested rather than time the market.