most stock market gains occur while the U.S. sleeps.

 

During the second quarter of 2022, world markets began trading higher overnight more often than they traded lower.   This is important from a historical perspective. Check out this chart from Bespoke and you’ll see that dating back to 1993, most stock market gains occur while the U.S. sleeps. It implies that on average, the SPY gaps up on a daily basis year after year.

Now Here’s The Juicy Part When that upward cycle breaks down along with the daily cash market like it did in 2002, 2008 and 2022, as shown, and then later restores itself, it points to a world shift. In other words, review the 2003 and 2009 year-end closing prices – they’re all up.