đ¤ Did you know? The Fedâs interest rate decision announced last week was made two hours before the market closed, but most of the market reaction actually happened afterward.
When Wall Street closed, the market still moved. From Wednesdayâs close to Thursdayâs open, SPY rose 1.11%, TMF (3x long 20-year U.S. Treasury bond) rose 2.45%, and UVXY fell 5.94% as hedging positions against volatility were reduced.
Whatâs interesting is that, from 16 perpetual contracts related to stocks, the median contract already reflected 97% of the price gap at Thursdayâs open. The direction of the move was precisely 100%, with trading volume of US$1.02 billion while the U.S. stock market was closed.
The market didnât wait for the opening bell. The movement happened overnight, and the perpetual contracts responded to it too.
đ Read the full analysis â https://www.binance.com/en/research/analysis/beyond-the-closing-bell
Do you prefer trading when the news is released, or waiting for the market to open? Share your thoughts đ
â ď¸ Do your own research (DYOR). Not financial advice.
When Wall Street closed, the market still moved. From Wednesdayâs close to Thursdayâs open, SPY rose 1.11%, TMF (3x long 20-year U.S. Treasury bond) rose 2.45%, and UVXY fell 5.94% as hedging positions against volatility were reduced.
Whatâs interesting is that, from 16 perpetual contracts related to stocks, the median contract already reflected 97% of the price gap at Thursdayâs open. The direction of the move was precisely 100%, with trading volume of US$1.02 billion while the U.S. stock market was closed.
The market didnât wait for the opening bell. The movement happened overnight, and the perpetual contracts responded to it too.
đ Read the full analysis â https://www.binance.com/en/research/analysis/beyond-the-closing-bell
Do you prefer trading when the news is released, or waiting for the market to open? Share your thoughts đ
â ď¸ Do your own research (DYOR). Not financial advice.
