Bear markets have notoriously big rallies as they fall down the slope of hope. Today’s record breaking 1200 point rally in the Dow may be an example of that. Markets betting on a 50 basis point rate cut to interest rates and more quantitative easing.
Part of the market rally likely also due to diminishing chance of a Bernie Sanders presidency. But Biden will also be bad for the markets and he has a greater chance of winning
Nothing goes up in straight lines. Bull markets have notoriously big declines as they climb the wall of worry, which we may have seen on Friday. Gold stock positioned for record highs.
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