15/10/18

The One Thing That Worries Us Most



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The One Thing That Worries Us Most
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Authored by Nicholas Colas via DataTrekResearch.com,

A day late and a dollar short. That's pretty much how we feel about Friday's choppy rally. As we outlined last week, the typical bounce after a 4% decline (like Wednesday's) usually comes in the next trading session. Not two days later. And, the average snap back rally is 1.7%. Not the 1.4% bounce we saw Friday.

Still, there were aspects of Friday's advance to like:

  • A close near the highs of the day, although down from the open. We attribute that ...
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