The month of May was a counter-trend rally where investors used good news as a reason to temper their bearishness and cancel out short-selling contracts.
More Quotes from Sam Stovall:
I think investors want to see improvement in the economic data so that the feeling is that the Fed doesn't need to lower interest rates. That in itself is a positive.Sam Stovall
I think investors are a lot like dieters. They look at January as a good month to start anew.
Sam Stovall
Increased volatility can certainly cause increase tension, but that's not a reason to step out. It is certainly white-knuckle time, but that does not necessarily mean the good run has ended.
Sam Stovall
Stocks in the past twenty years have been... the best investment vehicle that's available,
Sam Stovall
The rotation has more to do with defensiveness and dividend yield, than with the actual quality of the investments themselves.
Sam Stovall
Some of the restaurant companies are doing exceptionally well and I think demographics, longer term, are going to indicate that more people are going to be buying their food outside the home, rather than preparing it inside the home,
Sam Stovall
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Based on Topics: Reasoning QuotesBased on Keywords: bearishness, counter-trend, short-selling
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