The S&P 500 Pares Half The Year’s Losses In The Last Four Trading Days – Happy New Year Algos!

By | January 1, 2019

The S&P 500 index was down nearly 13% for the year on December 24. We were officially in “bear market” territory with a 20% peak to trough decline in 2018.

But the sharp low-volume rally over the last four trading days of the year recovered half the 2018 loss and lifted us out of bear market territory. We are safely back into correction mode.

Happy New Year, Algos!

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