THE S&P IS GOING TO GO UP 40%

The stock market saw a nice rebound from lows today but the thing that dominated headlines was whether this is a bottom or bear market rally. I go over what happened in the stock market today and the factors that lead to the S&P & NASDAQ both rallying almost 3%. Despite all that happened today though, we still saw more historic weakening from the yen, while dollar and bond yields continued their volatility. This points to more volatility lingering, especially with Jerome Powell before congress tomorrow, but for now investors were content with a move off the low. Some analysts were even bullish enough to call for a gain of 40% on the S&P 500 by the end of the year, while others revised price targets more than 10% lower if we were to actually experience a recession. All in all, there was a lot to digest over the last 2 days so depending on the rest of the short week, we might see the doom and gloom return or finally find some real relief after all this volatility. EITHER WAY ITS GOING TO BE EXCITING SO I HOPE YOU ARE READY! POST YOUR WATCHLIST BELOW AND SEE YOU IN THE MORNING!

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