Macroeconomic drama creates big moves but can't be used for accurate market timing.
Here's why, even after two days of rallies, I am not moved to declare that the bear market is finished.
This is a classic bear market bounce so far, with poorly positioned market players adding exposure by buying index plays.
Here's why we now believe weakness can be bought with a higher level of confidence.
Here's how Monday's surge lines up versus last Wednesday's rug pull. And does everyone and their mother still like bonds?
Don' be sucked into hyperventilating about a market bottom.
2 key charts closed below prior support Friday.
The action continues to be quite coordinated as the main focus is on buying indexes rather than individual stocks.
Get ready for what should be a tremendous recovery as we progress through the strongest three months of the calendar based on decades of stock market history.
The Hang Seng Index closed at an 11-year low, with losses in financials and tech, although piecemeal property measures out of Beijing temporarily boosted developers.