According to WSJ, the Dow just rallied 21% over the last three days, technically ending the shortest bear market ever. I understand that US markets have been optimistic following the $2T economic stimulus bill; however, most businesses are WFH and 3.3M workers just applied for unemployment benefits last week, nearly 5x higher than the previous record. Is this rally for real? Or is the next wave of market contraction incoming?
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https://www.investopedia.com/terms/d/deadcatbounce.asp</a">Dead cat bouce effect
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