S&P 500 (Dec 12) INTRADAY Review We got the strong bounce we were looking for last week with the S&P climbing 4% to recover half of the losses seen during the two month sell off from mid-September to mid-November. Reduced fiscal cliff and Grexit fears as well as strong US housing and German IFO data drove the rebound and took the S&P back over 1400. Thursday and Friday’s sessions were of course very low volume as a result of the Thanks Giving holiday, but early data from the
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Last week was a bit of a special one due to Thanksgiving Thursday