'Sell in May and go away,' advises the trading maxim. But with stocks at record highs, one trader at the New York Stock Exchange is recommending a related but different strategy.
The S&P 500 just had its best 12-month performance ever. But the bull market may be entering a new phase as it turns two-years-old — an investing regime that requires a bit more defense.
Wall Street closed higher on Thursday supported by technology stock's rally.