Here’s why stocks just had their best day since 1933: by skleb1234
Crucial quote:
“The current rally should last beyond just a single day,” predicts Adam Crisafulli, founder of Vital Knowledge. “ Markets are deeply oversold and a lot of the most acute pain over the last few days was a function of forced de-leveraging, a process that is nearly complete.” He forecasts that Tuesday’s rally “will probably be enough” to propel the S&P 500 back toward the 2,800 level over the coming days and weeks . He reiterates that getting the $2 trillion fiscal stimulus bill over the finish line in Congress is still the number one priority for investors.Many airline and cruise stocks, which were some of the hardest hit by business shutdowns resulting from the coronavirus, posted major gains on Tuesday.
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