Mutual Fund Year End

This is the last day of the year for Mutuals Funds, so a little tape painting wouldn’t be a surprise. Todd Harrison of minyanville.com notes:

Since 1996, when the Nazz futures started trading, the NASDAQ has opened higher and closed higher each year on the last day of October. The largest intrady decline was -.81%, the average gain was 3.5%. Obviously, past performance is no guarantee of future results but this data is starting to get louder in trading circles (courtesy: www.tradeplotter.com)

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