Mysterious month-end melt-ups 🕵️
Aug 30, 2022•14 min•Season 3Ep. 149
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Episode description
Local stocks bounced back after Monday’s rout, powered by strong gains in energy, real estate and tech. The S&P/ASX 200 rose 0.5% to 6998.3, hovering around the figure for the entirety of the session. The burst of buying may reflect bargain hunting. However, being 30 August, month-end window-dressing may have been a factor. Mysteriously, magic melt-ups regularly occur at month-end...
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