Bungee jump? Dead cat bounce?
From “Rebound,” mailed to subscribers of The Bloomberg Open:
U.S. stock futures and oil clawed back some of yesterday’s declines. Bonds and haven currencies trimmed their exceptional gains from a day earlier and the dollar strengthened. Italy’s bonds gained after its nationwide lockdown. Gold and the yen slipped. The twin worries of a price war in the oil market and worsening coronavirus outbreak remain front and center for investors.
My take: If I were a betting man, I’d put my money on the dead cat.