The S&P 500 Comes Roaring Back From the Brink
- Favorable factors: charts, valuations, fund positioning
- S&P 500 jumps 2.7% after two days of similar sized losses
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The stock market that seemed doomed just a couple days ago is suddenly screaming, “Buy.”
The S&P 500 Index jumped 2.7 percent Monday for the biggest rally since August 2015, staging a powerful comeback after suffering the worst week in two years. On the surface, the animal spirits were rekindled by reassuring rhetoric from Treasury Secretary Steven Mnuchin, who talked down last week’s trade war bombast.