← All tested claims

Is Tuesday 120–130% More Volatile Than Monday?

False — and it is the rare claim stated with a number.

The claim as it is usually statedTuesday volatility runs 120-130% of Monday.

The claim is unusually specific: "Market volatility on Tuesdays could reach 120%-130% of Monday's volatility." The page cites no source, date range or sample size. Measured across 19 markets and 23 years, the median Tuesday-to-Monday movement ratio is 0.99. Only 2 of 19 markets reach even the bottom of the claimed band. Tuesday is Monday.

What the data shows

Across 19 markets: direction: 2 of 19 markets differ beyond chance · movement: bigger in only 6 of 19. Median movement in the window, 99% of a normal hour.

MarketIn the windowRestzMovementSamples
SPX50050.7%54.1%-4.396% of normal7,884
NAS10051.8%53.9%-2.791% of normal7,857
ETH/USD49.1%49.9%-1.188% of normal9,876
US30 (Dow)50.9%51.5%-1.0101% of normal12,182
UK100 (FTSE)50.2%51.3%-1.096% of normal4,182
GER40 (DAX)51.1%51.7%-0.991% of normal11,398

Strongest six by statistical strength, whichever way they point. z measures how far from chance a result sits — we treat |z| ≥ 3 as significant, and print it even when it is nowhere near.

Who says it

Audacity Capital

How this was measured

Every claim here reduces to a window on the clock or the calendar, so it can simply be checked. We compare the claimed window against the rest of the week on 23 years of hourly data across 19 markets, measuring two separate things the folklore tends to conflate: direction (does the window close higher more often?) via a two-proportion z-test, and movement (is the average move bigger or smaller?). A window can be perfectly ordinary in direction and genuinely quieter in movement — saying which is the entire point.

The bar here is |z| ≥ 2, deliberately more lenient than the |z| ≥ 3 this site applies to its own numbers: when testing someone else's claim, failing to reject it even at a lenient bar is the stronger statement.

Check any hour yourself →

Free on the four major pairs, with the full 23 years and the sample size on every number.