Analysis comes from Bespoke investments and Schwab, on data going back to 1993. If you bought SPY at the open and sold at the close every day, your return would be -5.2%.
However, if you bought SPY at the close and sold at the open the NEXT day, your return would be 568%!!
https://twitter.com/LizAnnSonders/status/953985325696626688
While the returns look interesting, it is probably not a great investment strategy given trading friction, IMHO. That said, seems like this is evidence for maintaining your equity allocation over the long term and that day trading the S&P 500 is likely a very unprofitable venture.
Submitted January 23, 2018 at 01:27AM by HellaCrunchy http://ift.tt/2rwvPaP
