Today's Rally Is Especially Impressive

The rally is fading a little bit (with the NASDAQ on the verge of going flat) but the Dow is up 100 points, and it’s noteworthy.

That’s because Bernanke was perceived as having been more hawkish than expect, and gold tanked.

In fact, here’s a chart of SPY (the S&P ETF) vs. the gold ETF.

After getting taken to the woodshed earlier, SPY has rebounded nicely.


NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at