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Equity Returns at the Turn of the Month by Wei Xu, John J. McConnell :: SSRN

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A turn-of-the-month effect in U.S. equity returns was initially identified by Lakonishok and Smidt (1988) using the DJIA for the period 1897-1986. According to

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SSRN, Equity Returns at the Turn of the Month, Wei Xu, John J. McConnell

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