End of The Month Rebalance Led by $4.6 Billion Late-Day Buy
Stocks surge on Friday. Let's see how the market behaves on Monday.
Our View
There are always big short-covering rallies during bear markets and large declines. The main question is, is the turbulence over? Mondays have been busy days this year. Last Monday, the Dow Jones dropped 1,000 points and then rallied 1,000 points.
I think what we saw on Friday’s close was a well-planned rebalance backed by a mammoth MOC buy that…