The Week Ahead: Don't Get Fooled Again

The stock market correction started after the very strong jobs report on March 6. It paused last Thursday when stocks rebounded sharply. The resumption of selling on Friday indicates that the market decline is not yet over. We could still form a v-shaped bottom next week but it will take several consecutive sharply higher days like last Thursday to complete the market's correction. The widely attributed reason for the market's decline is the belief that the FOMC will change the wording of their ...