Stock Indices Rally After Fed Selloff

As discussed in last night’s Briefing, traders went home after yesterday’s selloff and returned this morning with a different perception of value. Almost all of yesterday’s losses were recovered today. The one concerning element is the fact that even on today’s rally, volume fell off. We have to respect price development but with caution when that rally is not attracting new buyers.

Leave a Reply

Your email address will not be published. Required fields are marked *