Now Comes The Hard Part
Written by Jim Welsh
Macro Tides Weekly Technical Review 13 April 2020
The S&P 500 soared 12.0% last week which was the largest one week gain since October 10, 1974 when it was up 14%. The rally in 1974 developed after the S&P 500 had just bottomed on October 3, whereas the rally last week occurred 9 days after the low on March 23, 2020. In 1974 the S&P 500 rebounded 20.8% off the low on a closing basis compared to a gain of 24.7% so far in 2020.
Source: http://econintersect.com/pages/investing/investing.php?post=202004140427
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