Stock slump was deeper than it looked. That bodes well for a future rally
There’s motive to imagine Monday’s market rally could possibly be a part of a larger rebound for the S&P 500, based on Morgan Stanley. With its 1.2% rally on Monday, the S&P 500 got here roaring again from the brink of almost getting into a 10% correction. But measured by its price-to-earnings ratio, that drawdown…