SFY - S&P 500: The 20% Bear Market Rally Is Running Out Of Steam
The S&P 500/SPX (SP500) has appreciated by roughly 20% since I mentioned that a short-term bottom in stocks was likely in. In addition to introducing a watch/buy list of 50 stocks, I also identified the recent short-term bottom in group chat about a week ago, putting emphasis on deeply oversold names like Boeing (BA), defense contractors, and stock markets in general.
Good News, Bad News
The good news is that many stocks on our watch/buy list moved up by 30,40, 50% or more in recent