The return to activity on Wall Street returns normality to markets that await new stimuli to relaunch their rebound. The Ibex is stuck again after colliding with 9,000 points yesterday, and is limited to consolidating the 4% it gained in May.
In other less turbulent years, the arrival of the month of May usually brings out the debate on the advisability of selling on the stock market. The ‘sell in may and go away’ formula, on this occasion, had been altered by the downward wave recorded in the previous four months. Hence in part that the month of May, especially in the case of the Ibex, has brought about a resurgence of purchases. At yesterday’s close the Ibex added a 4% revaluation in the month.
Next extension.