The share market has hit a rare sweet spot — and it’s not done yet

It’s the first day of April, which means it’s time for fund managers and private investment firms to report how they performed in the past quarter.

There’s one thing they’re desperate to prove: that they’re good at what they do (making money for clients).

That means some spent yesterday buying up stocks they hold to make the performances of those stocks look better. Others were buying stocks to use up the cash they may have had sitting idly by — it’s not a good look for a fund manager to be sitting on lots of cash during a bull market.

It’s called “window dressing”, and it may help explain the particularly solid day of trading we saw yesterday — improving on an already solid 2 per cent plus rise on the quarter.

So, what happens next…