---
title: "“五月賣出” 策略在本世紀表現不佳：今日圖表"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/285389890.md"
description: "傳統的投資策略 “五月賣出，遠離市場” 在近年來已被證明效果不佳。歷史上，投資者被建議在四月之後減少市場敞口，並在秋季迴歸。然而，最近的標普 500 數據表明，這一季節性趨勢已經發生變化，暗示該策略可能不再有利"
datetime: "2026-05-06T13:43:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285389890.md)
  - [en](https://longbridge.com/en/news/285389890.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285389890.md)
---

# “五月賣出” 策略在本世紀表現不佳：今日圖表

“Sell in May and stay away” used to have a case. Lately, it’s mostly had a cost. The old warning says investors should reduce exposure after April and come back later in the year, usually around October or November. But S&P 500 (^GSPC) history shows the seasonal map has changed a lot depending on the market era — and the modern version looks much l...

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