A Historical Look At $SPX on Tax Day [Quantifiable Edges] (opens in new tab)

April 15th is tax day. Tax day has historically been a good day for the market. A reason tax day may be bullish is that it is the last day that people can make IRA contributions to count for the previous tax year. This can create a last-minute rush and you will often have an inflow of funds heading into the market right around and on April 15th (or whenever tax day ends up falling, since it is sometimes delayed). Fund managers will often put this money to work immediately and it creates a pos...