The Bulls Strike Back

Things are moving so fast on Wall Street that it’s nearly pointless to try and update you. Today was the first time in history that the Dow went from a 500 point loss to a 500 point gain.

Today, the Dow gained back 2.33% or 567.02 points. That’s almost exactly half of yesterday’s loss.

The S&P 500 gained 46.20 points or 1.74%. The index is back to where it was at the end of the first trading day of this year.

Today was an uneven rally. The S&P 500 High Beta index rose 2.04% while the Low Vol Index was up just 0.32%. That’s a pretty big spread. S&P 500 Growth rose 2.20% and Value was up 1.25%. The Russell 2000 was up just 1.08%.

The VIX fell 20% to 29.98.

Posted by on February 6th, 2018 at 4:48 pm


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