RE:Oct. 28-May 5th: Favorable Cycle for Stock MarketLongTermLong wrote:
Symbol: CXR, CXR: Concordia Healthcare "Based on data from 1950 to 2015, during the unfavourable period for equity markets May 6 to Oct. 27 the S&P 500 has had an average geometric loss of 0.5 per cent. In other words, if an investor had invested every May 6 and sold every Oct. 27, he or she would have lost money. This is unlike the favourable period for stocks which runs from Oct. 28 to May 5 which produced an average gain of 7.8 per cent." -- Brooke Thackray of Horizon's Seasonal Rotation ETF.
Institutions will not want to have the TSX #1 LOSER FOR 2016 on their year end statements sent to clients. As well, people will probably be selling to crystalize a capital loss so that their 2016 taxable income is less if they had WINNING stocks (and hopefully they did because noone was a winner in 2016 holding cxrx long).