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Yesterday was the second best day of the year for stocks, but of course that is coming off 6+ weeks of selling. The indices had become oversold and a relief rally was not a surprise, but perhaps the strength of the rally took some by surprise and we saw some FOMO (fear of missing out) buying by the close. The Dow gained an impressive 512-points, and the S&P 500 managed to close above that key 2800 level. Small caps and the Transports had big days.

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