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Fortune
Fortune
Eleanor Pringle

'Buy in May, sell in August' says Bank of America strategist

A person on the phone in the New York Stock Exchange (Credit: Spencer Platt—Getty Images)

Investors who stick to the trend of selling up at the end of next month could miss out on a summer rally, a Bank of America analyst has warned.

Technical strategist Stephen Suttmeier has poured cold water on the myth that investors should sell up at the end of May, saying the strategy "leaves much to be desired."

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