1st Entry of May: "Sell in May" mantra has not applied so far in the new month. If anything, after a terrible April, markets have come roaring back (again) in the first two trading days of May. Today was BRK annual meeting. There were several poignant moments in the meeting as Buffet paid tribute to Munger! I splurged on myself for birthday a bit and got me a new Sony headset! NW has reached a new high! Hope to breach new highs through to the end of the year!!
2nd week of May: "Sell in May" mantra has failed for second week in a row! Markets are back to all time highs and things are starting to feel a bit bubblish again... NW hit another high point.
3rd week of May: Wow, markets hit a new high in the week, the bull market is in full swing with meme stock rally back in swing. Two things that perked my attention in particular was (a) Buffett was a net seller of stocks and (b) Bill Gates liquidate a huge stock portfolio as well. With markets reaching new highs.. I need to also consider aggressive rebalancing of my portfolio towards cash/bonds |