The latest headline from US markets is that the bulls are back but will they stay? That is the big question even as the bulls celebrate a much needed win for the week with the US markets breaking the streak of losses.
Snapping an 8 week long losing streak, the Dow finished up 6.2%, S&P 500 is 6.5% higher and the Nasdaq is up 6.8% on the week. But these gains have come largely from the rally seen on Thursday and Friday.
The S&P 500 rose 2.5% to 4,158.24 Friday, erasing its loss for May. This rebound comes as after the S&P 500 fell to the brink of a bear market, dropping 20% from recent high.
All eyes remain on Fed's next action in June and the quantum of hikes that follow.