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From Ticker Sense
As we have noted in the past, during the current bull market returns on the first day of the month have been extremely positive. What about the last day of the month? We always hear stories about how "window dressing" at the end of the month tends to be supportive of stocks. However, the reality does not live up to the hype, as cumulative returns on the last day of the month during this bull market have been modestly negative.
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