A rally that's powered while traders sleep


  • Jason Goepfert

    Jason Goepfert

    Published: 2020-05-08 at 13:08:27 CDT

A large portion of the S&P 500's total gains since the March bottom have come overnight. Even though much of SPY's gains since inception have come overnight, it's rare to see so much of it during the initial leg off of a low. There is some slight evidence that this is a negative, compared to rallies off of a low that's driven more by gains during the regular day session.


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