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  1. Home
  2. / Investing
  3. / U.S. Equity

Don't Believe the Rally

Last week's rally was largely due to short covering.
By BRET JENSEN
Mar 07, 2016 | 10:00 AM EST
Stocks quotes in this article: VALE, FCX, RIG, SDRL
Stocks closed out their third week of gains in a row last week as March opened with the biggest one-day gain to commence a month in three yearsThe Dow Jones Industrial Average and S&P 500 are now within hailing distance of where they began the year, despite huge losses early in 2016. The Nasdaq is down just less than 6% from its level of Jan1.  A ...
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