Market Measures - July 9, 2021 - Are There Weekly Cycles?

published 2 weeks ago by tastytrade, Inc.

tastytrade looks at weekly cyclicality to see if there is any truth to differences in market performance throughout the week.Similar to the results we found for monthly cyclicality (or lack thereof), there was no difference in returns or volatility on any weekday compared to a randomly selected day. Since we see no difference in returns or volatility on Fridays compared to other days, there is no statistically significant claim for “expecting certain moves” near the end of the week (contrary to popular beliefs).

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