SPY: After 5 Down Weeks, Here's Why A Sharp Rebound Could Be Coming

With the exception of some select buying opportunities, I have been bearish overall for the past few months, and I continue to be concerned about a potential recession. But I also try to adapt my views when market conditions change significantly, and I feel that right now is one of those times. All the major market indexes have plunged recently, and the S&P 500 Index (SPY) has been down for 5 weeks in a row, with losses of about 10% from recent highs. Many sectors and stocks are down even much more than thi ...