SMLL - S&P 500: Why Last Week Was No More Than A Massive Bear Market Rally

With S&P 500 (SP500) futures in a free fall ahead of the market open last Monday, the Fed came out swinging by unveiling its biggest weapon yet: unlimited QE with corporate bond buying. Although the stock market initially shrugged off the announcement with a last-gasp plunge into lower lows, a historic three-day 20% rally ensued in the S&P 500, which finally climbed above its 50-day lower Bollinger Band in the process after 13 straight days being under:

Source: WingCapital Investments

As we wrote in the past 2 weeks, the SPX being persistently

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