There’s a $150 billion ‘YOLO’ trade incoming that will boost stocks by the end of March, Wells Fargo says

Tax season—and more specifically tax returns—will inject an extra $150 billion into the stock market by the end of March, according to estimates by Wells Fargo. When a ‘buy’ signal like that arrives, the S&P 500 goes up 100% of the time, by an average of 13% over the next six months, according to analyst Ohsung Kwon and his colleagues.

“We expect $150 billion of liquidity injection by March-end, as 64% of tax returns get issued. Additional savings from bigger tax returns (~$820 on average)...