U.S. stocks are staging a remarkable two-day rally, but the worst likely isn’t over for the equities market.
Major indexes surged Tuesday for a second consecutive day on hopes that the spread of the coronavirus pandemic was slowing. The S&P 500 climbed 2.9% to 2740 in midday trading, building on its mammoth 7% gain from Monday. The index is on the cusp of exiting from a bear market by traditional definitions, based on its 20% jump from its March 23 low.
The Bear is channeling his inner Bull 🤔
This prove that the market (WS) have no relation with the economy of majority of people. I hope one day tax payers realize that they don't need the market.
This is how a rally within a bear market looks during a Pandemic:
I thought the textbook definition was a 20% increase from the low point? We’ve hit that so that means we’re in a bull market, yes?
I cannot imagine it being otherwise.
Right It took a month to lose ~10,500 point from the 29000 high on Feb. 20th. It has regained half that back in 2 weeks! If you not in your missing the opportunity of a lifetime!..it was NEVER a BEAR market
May be a 'W' pattern if not an 'U'