BlackRock rebuts "Sell in May" strategy: Fed stance and stock buyback frenzy to boost US stocks
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BlackRock's Chief Global Investment Strategist believes that the Fed's stance and the stock buyback frenzy will boost the US stock market, and investors should continue to stay in the stock market in May. Chairman Powell's speech dispelled market concerns about policymakers raising interest rates, with rate cuts still being discussed. In addition, several large companies have announced stock buyback plans. The labor market may become less tight, related to service sector inflation. The S&P 500 index has already risen by nearly 3% in early May
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