FYI: The “V” shape bounce continues in unrelenting fashion as bulls are stampeding bears in 2019! All due to a little “patience” from the Federal Reserve. It is really quite breathtaking but we have seen it repeatedly the past decade as the Federal Reserve pours gas on the market. Hopes for a deal with China also spurred the action upward. Rallies (both with gap ups) on Tuesday and Friday provided the juice this week. The S&P 500 is back over its 200 day moving average after being below for 46 days – it’s longest period of time below that level since March 2016.
Regards,
Ted
https://www.stocktrader.com/2019/02/17/weekly-market-recap-feb-17-2019/
