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Discuss and Research Stocks 美股美国股票投资交易研究

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不少人问我为什么月底一两天我觉得可能会很短暂的跌.主要是因为不少大基金要卖股票换钱.引用WSJ:Institutions must make cash distributions regularly to pension beneficiaries, with the end of the month being a popular date for payments. During the last eight days of the month, and most heavily during the last three, institutions sell shares to generate cash, driving down prices.
Once beneficiaries receive their cash, they often reinvest it in mutual funds
感兴趣的话可以读读这篇Paper.据我观察,月底rebalance最关键的时间段是下午3:15后.
https://ssrn.com/abstract=2528692
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