Yesterday’s last hour reversal marked only the tenth time since 1985 that the S&P 500 was down 1% or more at 3PM and finished the day in positive territory. In the table below, we highlight each of those days. As shown, the majority of the reversals occurred during the Financial Crisis of 2008-2009. Yesterday, we sent out a report to clients highlighting the performance of the S&P 500 over the following day and week after each of these reversals. Clients wishing to view that report can click on the link below. If you are not yet a client and wish to subscribe, sign up today to receive access.
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