Replies to post #51356 on Sharing Knowledge in Smallcaps

[12yearplan]

Analysts say data from MasterCard showed US holiday retail sales up 5.1%, the strongest growth in six years.

Confidence was also boosted by White House assurances that Federal Reserve chairman Jerome Powell's job was safe.

"The market is extremely oversold where we left it [on Monday]," said Brett Ewing, chief market strategist at First Franklin Financial Services, based in Florida.

"You cannot make the assumption that this correction is over, but today's action is definitely a very positive signal."
https://www.bbc.com/news/business-46690452