|A dead cat bounce is a brief recovery in a declining market. Derived from the idea that even a dead cat will bounce if it falls far enough, the phrase is applied to any case where something experiences a brief resurgence during or following a severe decline.|
The DJIA is showing key components of a dead cat bounce. 1) stocks rising on stimulus, 2) record-high outflows from investment firms, 3) the coronavirus outbreak that hasn't peaked and 4) fear and a rush to safety.
|More bad news is the only certainty. The US expects to report over 1m jobless on Thursday.|