US equities are now up more than 5% in just two trading days in October. That's an phenomenal start after a 9% decline in September.
Today's changes:
- S&P 500 +112 points to 3790 or +3.1%
- DJIA+2.8%
- Nasdaq +3.3%
- Russell 2000 +3.9%
- Toronto TSX +2.6%
Bear market rallies can be incredibly powerful and this certainly looks like a repeat of what happened in July but that's trading. On top of that, every long-term rally started with people calling it a bear market rally.
