Since November, there s been a 30% rally, said Jimmy Chang, chief investment officer at Rockefeller Global Family Office. He noted that historically the November to April period is the strongest for stocks. There s the adage sell in May, go away. It may be somewhat appropriate this year since we ve done so well in the last six months.
Big jobs report
April s employment report is schedulted to be released Friday, and the market is expecting a big number.
Economists say payrolls in April could easily reach 1 million, after 916,000 jobs were added in March. Estimates range from about 700,000 to a forecast of 2.1 million from Jefferies economists.
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