Sell in May and go away? Kolanovic thinks so

Former JPMorgan strategist Marko Kolanovic warned that the recent tech-led rally may be nearing exhaustion and suggested this could mark the start of a seasonal ‘sell in May and go away’ phase. His view implies potential downside pressure or a rotation away from tech-heavy leadership, which could weigh on the S&P 500 after its recent gains. The commentary is presented as a Wall Street outlook that may prompt investors to reduce tech exposure or re-evaluate equity positioning ahead of the typical May–October period. Short-term market readings in the article’s data panels show the S&P 500 and related tech ETFs modestly higher, underscoring that Kolanovic’s warning is more of a cautionary signal than an immediate market reversal.