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We now have a pattern of equity selling at the open in 8 of the past 10 trading days.
The next question to ask is, when does the selling stop? There’s also a clear pattern of roughly when the dip buyers return.
Time of the daily lows since Sept 3, on days of heavy selling at the open:
There’s certainly not a perfect pattern there but between now and the European close is a better time to be buying risk assets than selling them.