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Don’t Be Fooled by the Stock Rally. It’s Still a Bear Market.

Por: MarketWatch Business November 12, 2022

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Statistics aside, some notable developments were 1) SPX closing back above 3,900, 2) closing below 109, and 3) 10-year yields closing below 3.90%. While these are clearly positives and could open the door for the SPX to test ~4,083, Thursday’s action alone is insufficient evidence to change our primary cautious view. For example, the (NDX) gained 7.49%. Of the 20 largest NDX daily gains since 1990, 16 of them happened either between April 2000... + full article



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