Investing In The Night Effect As Day Session Is Poorly Rewarded

<p>"The Night Effect works over time because the day session has historically been poorly rewarded and can be noisy and volatile. For example, the IWM was down more than 2% during the day session both Thursday and Friday last week. The Night Effect is working much better lately as we have seen substantial declines in the day session," says Bruce Lavine. ETFs include Nightshares 500 ETF (NSPY) and Nightshares 2000 ETF (NIWM).</p>