Breaking down why April's gains may ebb in the coming weeks
Yahoo Finance's Jared Blikre breaks down his thoughts going into the weekend on today's Final Call.
Video transcript
ADAM SHAPIRO: I guess, Jared Blikre, you get the final thought.
JARED BLIKRE: Well, I'm looking at seasonality here. That's the tendency of a market to do certain things, act bullishly or bearishly on certain days or time periods of the year. And sell in May and go away is coming up. That doesn't mean you sell everything. That's what they used to do to enjoy the summer. They didn't have electronic trading. But it does maybe give some people the opportunity to spend a little less time in front of their screen, raise their stops, and also maybe go into a few of the defensive sectors like staples and utilities, just to have a balanced portfolio.
I want to look at the YFi Interactive. We have come a long, long way from these March lows. What an impressive rally from here all the way up to the current highs. It doesn't mean it's going to continue, but with options expiration today, we have been tending to peak at this time in the month for the last several months. And then just given the fact that April is the second best trading month of the year, historically, we might be seeing some of these gains ebb over the coming six months.
