Dow Falls 130 Points After FDIC Reveals Record Plunge In Bank Deposits

quite familiar this year with bank stocks driving broader market losses. A trio of major regional banks – Silicon Valley, Signature and First Republic – failed between March and May, leaving their shareholders with virtually worthless investments.

The Dow’s morose May may forebode weak stock performance for the summer and fall months, if you buy into the “sell in May and go away” investing. The saying, which advises to offload stocks in May, is based on the notion that returns are greatest between November and April before waning. Over the last five years, the Dow has gained 3.6% on average between November 1 and April 30 and rallied 4.

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