494 End-of-Month Rally_ Does the Turn of the Month Effect Still Work Today
From The Unger Games - Trading Tips by the 4-Time World Champion by Unger Academy
June 2, 2026 · 10 min · Episode 494
About this episode
This episode analyzes the stability of the end-of-month rally phenomenon using over 100 years of Dow Jones data.
The end-of-month rally, also known as the " Turn of the Month Effect ", is one of the most well-known seasonal anomalies in financial markets. According to numerous studies, stock and index returns tend to concentrate during the last trading days of the month and the first trading days of the new month. But does this effect still work today? In this podcast, we analyze more than 100 years of historical Dow Jones data , from 1910 to the present day, to determine whether the end-of-month rally has remained stable over time, how it behaved across different market regimes , and what may actually be causing this seasonal anomaly. The analysis is also divided into three major historical periods of roughly 40 years each , allowing us to evaluate the long-term statistical robustness of the phenomenon. We will also discuss: buy and hold vs seasonal strategy drawdowns and risk management historical outliers such as 1929, 2008, and 9/11 institutional flows and capital inflows possible explanations behind the Turn of the Month Effect Enjoy listening and happy trading! 😉 Want to learn more about systematic trading? Click here to watch the FREE Masterclass!
People in this episode
Host: Unger Academy
Topics covered
- end-of-month rally
- Turn of the Month Effect
- seasonal anomalies
- historical analysis
- market regimes
- risk management
Keywords
- end-of-month rally
- Turn of the Month Effect
- Dow Jones
- historical data
- market analysis
- seasonal strategy
- risk management
Mentioned in this episode
Places: Dow Jones
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