Monday is the last day for tax Sales

[william the wie]

Therefore Monday the market will likely go down slightly.Tuesday non-wash sales will drive the market up for the same reason but also pension money will start coming in. These moves will not indicate which way the market will go.

 

[MarathonMike]

Therefore Monday the market will likely go down slightly.Tuesday non-wash sales will drive the market up for the same reason but also pension money will start coming in. These moves will not indicate which way the market will go.

I would have thought that other than small individual investors, the big tax loss selling by fund managers is wrapped up by now.

 

[MarathonMike]

Also I think you mean Wednesday, Tuesday markets are closed while New York nurses it's collective New Year's Eve hangover.

 

[william the wie]

Jan. 1 tax sales only apply in 2019. Volume may well be low but tax sales have to be done by the end of trading on the 31st

 

[S.J.]

I thought it was determined by the fiscal year.

 

[william the wie]

I thought it was determined by the fiscal year.

I assume it could be done that way but the scale of investment that would justify the additional taxes from that move is not trivial.