Pavele Be

[Pavele Be @Pavele_Be]

@JoshYoung now do HO

[unusual_whales @unusual_whales]

‘Greek finance minister encourages Germany to implement financial reforms,' per FT

[Mr. Flake @MrFlake2]

@mazemoore Bernie used to warn us that illegal immigration was a right-wing plot to push down wages and impoverish the working class.

[MAZE @mazemoore]

2006

Obama: No illegal immigrants should be allowed to work here. Companies should be required to offer a job to American citizens at a good wage before offering the job to a guest worker.

Apparently this is all racist now.

[Consensus Media @ConsensusGurus]

White people are the worst!

[Dividendology @dividendology]

This image has gone mega-viral over the last 24 hours.

If you bought Micron every day at market close and sold at market open, your return would be 138,330,342%.

If you bought Micron every day at market open and sold at market close, your return would be -99.2%.

I went down a rabbit hole to see if I could discover as to why this is.

An earlier historical dataset from researcher Bruce Knuteson produced similarly extreme results for a number of individual stocks:

• $MU: +16.2 million% overnight / -99.95% intraday
• $HOLX: +15.9 million% / -99.98%
• $NVR: +3.6 million% / -98%
• $JBHT: +3.0 million% / -99.8%
• $MGM: +2.6 million% / -99.96%
• $NVDA: +221,715% / -51%

Obviously, the exact numbers depend heavily on the period examined, but the pattern itself has been repeatedly documented.

Research published in the Journal of Investment Management found that the phenomenon is particularly strong among high-attention stocks popular with retail investors, including names such as:

$NVDA
$TSLA
$AMD
$MSTR

But here's what I didn't expect:

Over the 30-year period examined in subsequent research, $1 invested in only during regular trading hours grew to roughly $1.20.

The same $1 invested only overnight grew to approximately $17.27.

So why does this happen?

There are several theories.

One of the most interesting involves when investors actually place orders.

Retail investors often place orders during post or pre market hours.

Those orders accumulate while the market is closed and are executed around the opening auction.

That creates persistent buying pressure near the open, especially in popular, high-attention stocks.

There are a few other possible explanations as well:

• Earnings and major corporate news frequently arrive outside regular trading hours.

• Investors require compensation for accepting overnight gap risk when they cannot immediately exit a position.

• Institutional investors face different leverage, short-selling and financing constraints overnight.

• Liquidity and price impact behave differently around the opening and closing auctions.

• High-beta stocks appear to experience a particularly large day/night return split.

Researchers still disagrees on how much each explanation contributes.

[Pavele Be @Pavele_Be]

@atani001 @EconstratPB barbacoa, lengua, pastor. this is the way

[Geiger Capital @Geiger_Capital]

Absolutely incredible…

Mark Cuban: "California is run terribly. The taxes are insane. That’s why people keep moving to Texas."

Mark Cuban (10 minutes later): "Vote for James Talarico. Turn Texas blue. What have Republicans ever done for the state."

[Andrew Kerr @AndrewKerrNC]

Speaking of hoarding wealth, Khanna’s two young children are the proud owners of THREE private golf courses in Ohio, where member initiation fees run upwards of $45k

Khanna’s children — still in elementary school — earned up to $2 million from their golf courses in 2024.

[Pavele Be @Pavele_Be]

@atani001 @TonyNashNerd but its in the window and "everyone" can participate...

[Commentary Trump Daily Posts @TrumpDailyPosts]

🔴JUST IN: Texas Governor Greg Abbott BLOCKS plan for Islamic foot washing stations at Dallas Fort Worth Airport. Abbott declared the proposed wudu facilities illegal and said taxpayer funded airports cannot favor one religion. Abbott ordered a review of state grants and referred the airports to the U.S. Department of Transportation for investigation. Abbott made it clear: Texas will not allow religious discrimination at public facilities. Under pressure, DFW Airport has now completely scrapped the project.

[Pavele Be @Pavele_Be]

@opinioncasino The hero we need

[Josh Young @JoshYoung]

It's the Golden Age of Grift

[Spencer Pratt @spencerpratt]

“I supported this…why is he doing this to me?”

Useful idiots. NEVER help a communist.

[Barchart @Barchart]

Berkshire Hathaway is now sitting on all-time high $397 Billion in Cash, enough to buy 476 companies in the S&P 500 🚨 🤑

[Pavele Be @Pavele_Be]

@TrumpDailyPosts https://t.co/UWEezpW6rL

[Dustin @wtx_jayhawk]

This is the single most insane thing I’ve seen in person in YEARS

[Pavele Be @Pavele_Be]

@financeguy725 Was asked today for ac repair on a property listed 20% below market.

[The General @1776General_]

The FBI lied about the stats on civilians stopping shooters in an attempt to push propaganda designed to remove the 2A.

Citizens have stopped 52.5% of shooters in non-gun free zones and 36% in gun free zones. The FBI claimed it was only 3.7%

[Geiger Capital @Geiger_Capital]

Insane, but true…

More people die each year from heat waves in Europe, than from guns in America.