Sell in May? Hard to make the case with this kind of AI momentum

Wall Street’s tech-led rally — driven by resurgent AI infrastructure and strong corporate earnings — has pushed major indexes to their best monthly gains since 2020. The Nasdaq rallied roughly 15% in 30 days, while the S&P 500 and Dow also saw significant gains as forward EPS upgrades and robust earnings underpinned sentiment. The piece argues that traditional seasonality (“Sell in May”) is a less compelling timing strategy given the current AI momentum, though it cautions about elevated summer volatility. Market takeaway: AI-related strength and earnings momentum support a bullish stance on tech and broad U.S. equities, favoring staying invested rather than tactically exiting for seasonal reasons.