The night effect is handily outpacing many traditional investment factors in 2023. The night effect is a persistent pattern whereby most large and small cap returns come in during the overnight session. Conversely, most of the volatility comes during the daytime session. Investors can tilt their exposure toward the overnight session to enhance risk-adjusted returns. [...] The post How the Night Effect Compares to Traditional Investment Factors in 2023 appeared first on ETF Trends .