While most people are not fond of tax day in the US, it has historically seen strong inflows into IRA’s and hence the stock market. This has set up the day after tax day as a strong day for the market. Below is a look at how SPX has done since 1981 on tax day.
The numbers are all impressive. They suggest a seasonal wind at the market’s back today.
Want research like this delivered directly to your inbox on a timely basis? Sign up for the Quantifiable Edges Email List.