Completely sideways in the Suez Canal....2 days now and no reports on MSM. The container ship holds upto 5000 containers. Operating company is by Evergreen. The name of the ship is Ever Given. I looked it up on vessel finder and it is completely shut off the Canal.
The dead cat bounce is a sudden and temporary increase in stock price caused by investors erroneously believing that the stock price's reached its lowest. The dead cat bounce can only be fully accurately determined with concrete data in hindsight.