The 1930s Guide To Whether The Rally Can Continue
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The 1930s Guide To Whether The Rally Can Continue

Submitted by Peter Garnry, Head of Equity Strategy, Saxo Bank

Summary: Yesterday's close in S&P 500 marked a 17.6% gain in three trading session something we haven't observed since the 1930s in a testimony to how volatile markets have become during this COVID-19 outbreak. We have looked at previous big moves and what S&P 500 did subsequently. History suggests declines on average in the next two trading sessions after such...

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