The answer is, "It depends." Make no mistake, the market was washed out and oversold when the rally began, but it was sparked by a rebound in bond prices. Much will depend on the interest rate outlook going forward.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVejdUNa5NCKDeNTtPtSNM6OOi3HKrwbwPEVEI0ww-Ud5lnOVM5qQEkUsxYRnvK-zQQTPQniV0CRkDIibvMj5PEM9LQIKlWqv4pIehwnSVUxpHtCpk21-jPV8HSaSO2OblvnTBVZ2IdFxtMCpHPqZxwhnIVjlO4KM_QYHciGE9NxDU0sLWeQf0Eprt-g/w400-h356/SPX.png)
The full post can be found here.
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