Welcome back from the Thanksgiving holiday weekend. Bulls didn’t have much to be thankful for given the weak performance of equities around the holiday period, but it’s a new week and a new beginning. We’re as happy as anyone that the equity market is looking to kick off the week on a positive note, but just to keep things in perspective, last Friday the S&P 500 did close at a new low for the current correction and even with today’s 1% gain at the open, the S&P 500 will only be back to levels it was trading at a half hour before the close on Wednesday.
