The equities markets adopted a clearly bullish tone today, as most indexes rallied strongly back towards the price ranges they were at on Monday of last week. However, there is still substantial ground to go to consider this a full recovery. While pundits continue to debate why the markets declined sharply beginning October 10th, what is clear is that bargain hunters were waiting to load up on some of the better performing names, or even get into underperformers at greater discounts. Either way, we saw the SPY up over 2%, and the healthcare sector ETF XLV up over 2.5% towards the end of the session. Here’s a recap of what happened.
