Stock Market Trends During Tax Season

After reaching record numbers, the stock market has taken a small hit; but haven’t we seen this before? Research shows that tax time has a predictable affect on the stock market year after year.

“The usual explanation is that investors withdraw money to pay taxes. The good news is that the market tends to rebound immediately in the two weeks after April 15 (Tax Day is April 18 this year), with several sectors showing notable gains…” [ Read more here ]

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    The uncertainty triggered a massive sell-off in global stock markets, commodities, the Dollar and commodity Dollars in what looked to be a repeat of the reaction to June’s Brexit vote.

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