turn-of-the-month (tom) effect

turn-of-the-month (tom) effect
 Stock market phenomenon where prices tend to go up because investors receive cash to put into the market.
 ► “Messrs. Hensel and Ziemba found that the turn-of-the-month period, defined as the last trading day of the month through the first four trading days of the next month, generated an average daily return six times that of the daily average for the rest of the days of the month.” (Wall Street Journal, Nov. 11, 1995, p. B1)

American business jargon. 2014.

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