This was sort of an important week. There have been a lot of them in 2022, but this one was a standout for investors. We are always looking for positive signals. 2022 has brought few. But there are some.
October started out with a bang and some big gains. The first 2 days brought a 6% rally. The bad news: It has since given them up. The good news: Rallies are showing up.
Something significant happened Thursday. The Dollar reversed hard and fell despite a really hot inflation report. Bond yields spiked at first, but then also fell. The Bond Market rallied in price with lower yields.
The Stock Market reversed big time too. The S&P erased a 70-point decline with a nearly 100-point gain Thursday. The Dow saw a 1500-point swing to close up 800+. It was what's called an outside reversal day. Those are generally bullish.
