The Overnight Drift: https://libertystreeteconomics.newyorkfed.org/2021/05/the-overnight-drift-in-us-equity-returns/ https://libertystreeteconomics.newyorkfed.o

The Overnight Drift: https://libertystreeteconomics.newyorkfed.org/2021/05/the-overnight-drift-in-us-equity-returns/ https://libertystreeteconomics.newyorkfed.org/2021/05/the-ov... There’s a bunch of speculation on why this happens: https://www.ft.com/content/1cc17824-3077-4e39-9a99-cbccc83a2251 https://www.ft.com/content/1cc17824-3077-4e39-9a99-cbccc83a2...