Today marks the year-end for many Mutual Fund companies.
Due to end of year, 12/31, payout and distributions for most Mutual Fund companies, today marks most Mutual Fund companies fiscal year-end.
Mutual Funds dominate the capital markets as their hands are large and heavy. Over the last several days we have seen higher trading volumes, and swaying markets. Much of this could be due to year-end adjustment from fund companies. Only a very small change from a huge company can change the tone of the capital markets easily.
By the end of next week, we should have a more normal capital market environment as there will most likely be clean up adjustments early next week.
Have Good Day !