by Greg Guenthner
Daily Reckoning
The major averages just posted their biggest one-day gain since March. The S&P 500’s stellar two-day performance now has the big board up nearly 2% on the year.
Who would have seen that one coming back in February?
Not us, that’s for sure. Luckily we follow the charts and not our guts—so we’ve had plenty of chances to book substantial gains since the market’s February lows. And now the bulls are backing up the truck again.
The market’s safe haven names such as utilities and consumer staples sagged yesterday. But traders happily gobbled up shares of everything from financials to GoPro. Yes, our old punching bag GoPro soared 20% after hiring away an Apple designer. Maybe America is great again after all…