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Short-Covering Rally... Or Something More?
Short-Covering Rally... Or Something More?
Authored by Lance Roberts via RealInvestmentAdvice.com,
▶ WEEK CLOSE: S&P 500 7,126.06 (+1.2%) | Nasdaq 13-Day Win Streak (longest since 1992) | Russell 2000 New ATH | Brent Crude -9.1% | VIX 17.42
What began as a short-covering rally on April 7th has spent the last two weeks proving the bears wrong. Friday’s close at 7,126, the first finish above 7,100 in the index’s history, up 13.1% from the March lows, arrived alongside one of the most consequential single-session catalysts of the year. Iran declared the Strait...
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