The S&P 500 closed above 7,200 for the first time ever on Thursday, April 30, capping April as the best month for stocks since 2020. The Nasdaq finished up more than 15% for April. If you’ve been watching, it felt good — maybe even a little too good.
Right on cue, “sell in May” is everywhere this week. It’s a real historical pattern — the May-through-October stretch has historically been the weakest six months of the year. Layer in softening GDP growth and an Iran conflict that has pushed oil prices higher in recent weeks, and there’s enough anxiety to make the case feel compelling.
Here’s what we tell clients: seasonal patterns are noise, not signal. Our process doesn’t trade the calendar — it reads what the market is actually telling us. The better question isn’t whether to be in equities heading into summer. It’s whether you’re in the right ones — and the right answer depends on your specific situation.
A month like April doesn’t lift everything equally. Some equities carried real momentum. Others just got swept along for the ride. Our process is built to track that difference — though no strategy eliminates risk or guarantees outcomes. That’s the distinction we work to manage for each client.
If you want to talk through where your portfolio stands heading into May, give us a call.
For informational and educational purposes only as of May 4, 2026. Not investment, tax, or legal advice. Past performance is not indicative of future results. Lake Hills Wealth Management is a Registered Investment Advisor registered with the Securities and Exchange Commission. Registration does not imply a certain level of skill or training. Please review our Form ADV Part 2 and Form CRS at adviserinfo.sec.gov.