The phrase "recent rally" refers to a recent increase or surge in something, like the value of a stock or the number of people participating in a protest or event. Full definition
So it's interesting to examine the industry composition of recent rallies, and look at which industries could lead a market advance this year. (hussman.net)
That said, traders should remain defensive until a confirmed trend change, while investors should also wait with adding to their holdings after the strong recent rally. (hacked.com)
An example of this is recent rallies against allowing Muslim refugees into American cities. (relevantmagazine.com)