Why do most of the stock market's gains occur overnight? It has an overall loss during the daytime
Why do most of the stock market's gains occur overnight? It has an overall loss during the daytime
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7529 · External communityPost link
External question — Personal Finance Stack Exchange
Author: 7529
Original post: https://money.stackexchange.com/questions/125340
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
Adaptation: HTML converted to plain text; contact email addresses removed.
I saw a
tweet
from the Chief Investment Strategist of Charles Schwab that said the following:
Since 1993 from @bespokeinvest :
Buying SPY at open & selling at close every day (ie, only holding it during trading day): -13.9% return
Buying SPY at close & selling at next open (ie, only holding it after-hours): +634.2%
It included the following graphic:
Why has the S&P 500 generated such a massive gain since 1993 during the overnight hours (4pm to 9:30am), and has an overall loss during normal trading hours (9:30am to 4pm)?
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Quoted from Forex.com.bd-Editorial External question — Personal Finance Stack Exchange Author: 7529 Source score (net votes, not local likes): 39 Original post: https://money.stackexchange.com/questions/125340 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. I saw a tweet from the Chief Investment Strategist of Charles Schwab that said the following: Since 1993 from @bespokeinvest : Buying SPY at open & selling at close every day (ie, only holding it during trading day): -13.9% return Buying SPY at close & selling at next open (ie, only holding it after-hours): +634.2% It included the following graphic: Why has the S&P 500 generated such a massive gain since 1993 during the overnight hours (4pm to 9:30am), and has an overall loss during normal trading hours (9:30am to 4pm)?
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