The long awaited W-shaped recovery?

Mid-week market update: You can tell a lot about the short-term character of a market by the way it reacts to news. When the news of Gary Cohn's resignation hit the tape after the close on Thursday, ES futures cratered down over -1%. By the market closed Wednesday, SPX had traced out a bullish reversal after an early morning selloff and closed flat on the day.

Is that all the bears can do?

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