After May's market whipsaws, some investors may have wished they had followed the old adage of "sell in May and go away." Starting the month with a 1 % gain, the S&P 500 made a new high before selling pressure brought on by Fed-watcher induced anxiety pushed the index lower to close out the month basically square. If that wasn't bad enough, the often prescient Dow Jones Transportation Index show has broken down. And with the venerable Dow Jones Index just holding its 200-day moving average, many are wondering whether we're in the last days of a bull cycle. But checking in our fund flows shows there's at least one sector where investors continue to believe the sky is the limit.
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