Loading ...I read ystdy that @ one third of total daily Vol is now being done in last 10 mins of SM….
from Almost Daily Grants
‘Better late than never? Stock market activity is increasingly concentrated in the final 10 minutes of the day, Bloomberg reports, citing data from BestEx Research, with roughly one-third of average daily S&P 500 component volumes logged after 3:50pm eastern in March. That’s up from a 27% share just three years ago. A similar dynamic is on display in Europe, as closing auctions now account for 28% of daily turnover on average per trading analytics firm big xyt, up from 23% in spring 2020.
The rise in passive investing helps explain that migration, as index funds typically transact at day’s end to match their benchmarks. The global tally of passive assets reached $15.1 trillion at year-end per LSEG Eikon, topping the $14.3 trillion in actively managed funds. As of 2016, those figures stood at roughly $6 trillion and $10 trillion, respectively. ‘
Looks like yr average Joe is saying Fuck Joe Biden !!!!