A once-a-year occurrence could knock stocks off all-time highs into year-end.
‘Tis the season when investors try to mitigate losses by selling stocks in an effort to decrease their capital gains tax liabilities.
Even though it’s shaping up as one of Wall Street’s best years ever, Oppenheimer Asset Management’s John Stoltzfus warns there’s still plenty of investors who want to get out of losing trades.
“You have to assume things will get funky with some of those stocks that have been hit,” the firm’s chief investment strategist said Tuesday on CNBC’s “Trading Nation.”
The issue: Stoltzfus contends people tend to buy and sell at the wrong time in all types of markets.