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Chris Dillow

Sell in May History shows that stock markets rarely rise much in the six months after May Day, but can fall a lot. ...

22 April 2015

Chris Dillow

About Chris Dillow

Incisive economic commentary plus thoughts on investor behaviour

Recent articles

  1. Next week's economics: 27 April - 1 May

    23 April 2015

    Next week could bring good news on growth in the UK and euro area, but not in the US.

    The squeeze on bank lending is over; ECB figures on Wednesday could show that lending to companies is now rising slightly

  2. Productivity and profits

    23 April 2015

    Stagnant productivity and falling unemployment might combine to squeeze profits.

    It's hard to see profits rising very much unless productivity recovers.

  3. Grexit risk rises

    Grexit risk rises

    23 April 2015

    There's a significant risk of Greece leaving the eurozone - which might well be bad for equities and the euro

    The probability of a Greek exit is higher now than it ever was

  4. Long-run risks

    21 April 2015

    Markets believe there is a risk of no long-run growth in dividends. They might be right.

    We could have weak overall growth, while what technical change there is harms existing companies. This is what happened in the 1970s.

  5. Savers' woes go on

    17 April 2015

    Economists expect inflation to rise in coming months, which means real interest rates have fallen.

    'The lack of inflation is likely to be temporary'

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