For those still invested, the latter part of the week was a welcome relief over the past few weeks.
The S&P500, which is the best gauge of the stock market (500 companies as opposed to 30 companies on the Dow Jones) regained about 1/3 of its losses over the last 3 weeks.
What we observed this week is what’s known as a 'Bear-Market Rally’.
This is a rebound from the market being oversold and, in my opinion, is not indicative of the market trend at the present time.
