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Comments

Jeff

Does this mean that the price usually is higher in the morning? So to sell in the morning and buyback in the afternoon may not be a bad idea.

alphaCobra

I have a strong suspicion that this is due to leveraged inverse ETFs. Inverse ETFs in financials have been wildly popular the past six months. Since these inverse ETFs promise the inverse of daily returns, they necessarily have to sell in the morning and cover in the evening. I am sure algorithms are already exploiting this..

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