Because any sane investor rushes to panic buy the index's 10 seconds before the close into a holiday break.
This is blatant manipulation to get the "print". Your statements will reflect today's closing price no matter what happens after. Nothing to say regarding that because the system works this way.
What is bullshit is the obvious throw everything at it into a holiday break.
The tax selling argument is old, tired and completely full of shit.
In one year anon shut down in October because continuing to generate returns would have put me into the next tax bracket.
Why should I bust my ass, without insider information-mind you- so that I push myself into the next % that they take?
retail hardly owns equity's now. We were being systematically destroyed by inflation, rampant money-printing, increasing healthcare costs, auto insurance, gas prices etc. List is too long imo.
But of course retail piled into this bloated piece of shit market in the last 10 seconds with the largest volume of the day.
Only one place that kind of buying pressure comes from…
It's not organic.
The last two weeks has seen the worst intervention I have ever seen. They even laughed about it on a cnbs clip I saw. They all know what is going on but are vested in keeping the same narrative going so they are seen as the experts.
They saved the fire-power for the final print.
If you are happy with this type of market…good luck to you.
China has a moar freely operating stock market then we do at this point.
Trillions spent defending wall street bonus pools in the last 10 days or so.