Apr

13

I recall a study we did years ago on April 15 effect of everyone cashing in to pay the tax bill.

Jeffrey Hirsch responds:

No effect anymore from our studies.

"The first half of April used to outperform the second half, but since 1994 that has no longer been the case. The effect of April 15 Tax Deadline (April 18 for 2022) appears to be diminished with numerous bullish days present on either side of the day. Traders and investors are clearly focused on first quarter earnings and guidance during April. With conflict in eastern Europe and the Fed raising rates, companies may lean conservative with guidance during this upcoming earnings season."

From my blog and newsletter.


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