A big day for the markets today! But why? Yes, I love to ask that question, and I will ask it often. I don't quite know the answer this time. But I'm guessing it's a combination of traders slowly coming off of vacation, and the month-old news on inflation as well as retailers reporting better sales in May. I thought past performance was NOT supposed to indicate future results.
I heard a second source this morning predict that there should be a short recovery followed by a lower low before we see a true rally later this year. I might try to ride this short wave with more stop-limit orders, and possibly a few puts to get this theory to work. Here's to the chase!