Historically, April has proven to be a down month, so the 5% correction the market experienced during the month is not out of line. (We typically see 5% corrections three times a year.) But following the April rains (and occasional downpours), we can expect stocks to rally in May – and in fact, there’s been an early start as markets have thus far rallied. Why? There are three keys to the market blossoming right now: the Federal Reserve has taken the possibility of hiking interest rates this year off the table completely; fears about inflation are clearly ebbing; and corporate earnings continue to roll in significantly above expectations.
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