The year-end settlement time of each institution is different. The year-end settlement is generally from mid-June 5438+February to the end of the month, and fund companies and securities companies generally settle accounts on the last day of June 5438+February 3 1.

At the end of the year, institutional investors generally sell stocks to recover their funds. The more stocks sold, the greater the probability of falling. Historically, the stock market averaged from 65438 to February every year.