Group 1 - The article discusses the historical phenomenon of "Sell in May and Go Away," highlighting that the cumulative returns of the S&P 500 from May to October are significantly lower than from November to April [1][2] - Bespoke Investment Group's analysis shows that an investment in a fund tracking the S&P 500 since 1993 would yield a cumulative return of 171% from May to October, compared to 731% from November to April [1] - Over the past 74 years, the cumulative return for the S&P 500 from May to October has been only 35%, while the return for the other half of the year has reached 11,657% [1] Group 2 - Seasonal data is particularly important this year, with indications that the balance has shifted towards a potential decline in the S&P 500 in May [2] - If the S&P 500 shows negative growth from January to April, the SPDR S&P 500 ETF Trust (SPY) has historically averaged a decline of 0.4% from May to October [2] - The volatility index (VIX) remains elevated around 25, which is significantly above the long-term average of approximately 20, indicating increased market volatility as May approaches [2] Group 3 - Tariff discussions and uncertainties are highlighted as key variables affecting market conditions, overshadowing seasonal trends [2]