This is the best description of the recent rally in US stocks that I have found in written form:
"The rally that began 4 weeks ago continues to gather momentum. The market closed at the highs of the day with a 0.4% gain. Volume was moderate and breadth was positive at 1.5:1. The impressive stats just continue to pile on top of one another. The S&P is now back at the January high and is up 9 of the last 10 sessions. Bank stocks have risen 21 of the last 24 sessions and are now up 10 sessions in a row. The VIX fell for the first time in 3 days, but also extended its impressive momentum to the downside with its 18th down day in the last 22. It’s hard to say that this hasn’t been the absolutely most impressive part of the entire rally since last March. It has been on little to no news, very low volume, but is relentless in its push higher as sentiment surges to a very bullish positions. Whether this is a rational move or not is irrelevant." in the Pragmatic Capitalist
Related ETF`s: SPDR S&P 500 ETF (Public, NYSE:SPY), ProShares UltraShort S&P500 (ETF) (Public, NYSE:SDS)
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