Stocks rally for single day record

After a being down almost 16% so far in December, the S&P 500 soared a record 116.60 points or 4.86% on Boxing Day. A recovery was certainly not unexpected to Trend Letter subscribers as we have been warning on how oversold the market was. But be careful here, we are not out of the woods yet!

Typically, when you get such a large sell-off there is a rally, but that rally typically dies and we see a re-test of the lows. While we could see a nice rally here to end the year, our models are projecting that we see another test of the lows, likely early in the New Year.

Stay tuned!