It might seem a long time until September 13, but here at the beginning of May it's a key date. This year it brings Britain's classic horse race, the St Ledger. It's also the day when, according to the old saying, investors should put their money back into the stock market after selling in May.
There's been plenty of analysis on whether the old "sell in May" adage works and I don't intend to add to it. But because of the relatively flat, volatile and shaky start to the year for stock indices, it's a good point at which to gauge valuations. As ever there are opposing views, as evidenced by two of my regular CNBC guests.
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