At the end of the year, there is usually a sell of stocks for people to do tax harvesting. People will be finalizing their last transactions for the year and it benefits them to shift their stock portfolio for tax purposes and accounting. This is also called asset allocation. It gives investors a way to do portfolio balancing which makes sure their portfolio leans too strongly towards a specific industry or stock.
So far, the futures has been up this morning but I wouldn’t be surprised to see a sell off before the year-end. I hope everyone had a great 2013 and 2014 continues to bring great fortune!
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