June 30th is End of Quarter. Mutual Funds and Money Managers are Notorious for MARKING up Stocks, aka Painting the Tape, to increase the asset value of their Equity Positions into the Month end. It is based on tonight's closing prices that many money managers get their fees (percentage of money under management). So, this afternoon is a great time to Sell into the Inflated Prices and to even Short stocks, especially with the 3 day holiday weekend approaching.
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