Hold Your Horses… 3:50pm on Friday: the initial imbalances for close are posted, providing the extra boost to push the SPX back above its 50-day avg in an orderly +2.7% up-day led by Value sectors. Sounds like the perfect platform for the stocks to continue their rebound, right? Unfortunately not, as markets open the week by once again digesting a harsh dose of reality. Front-month WTI crude futures nearing complete collapse will certainly suck the air out of the room, but all things considered the damage is not too bad. Luckily headlines on the virus front continue to shows signs of easing as well, with the growth of cases decelerating in New York, Italy, and France (amongst others).
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