#166 - Recovery Rally Building Momentum

Most major U.S. market indices have staged an impressive rebound since establishing their lows on March 30, 2026.  The S&P 500 has now moved back into a technically solid bullish trend, with its 20-day, 50-day, and 200-day moving averages all turning higher.  This is an important indication that both short-term momentum and longer-term market direction have shifted back in favor of the bulls. Leading the advance has been the NASDAQ Composite, which has surged 19.63% since March 30, while the S&P 500 has posted a strong gain of 13.09% over the same period. Listen in this UPdate our views on this recent uptrend, if it will last, and a new trading anomaly developed in 2026.