
The way stocks are gliding higher could be a bullish sign for the year
Compared to the rough ride down, stocks have much more quietly and gently recovered more than 13 percent of their losses from the Christmas Eve low. That's good news for bullish investors, who expect that the turbulent Christmas lows marked the bottom of the rout that took the S&P 500 down 20 percent on an intraday basis. The S&P 500 Friday closed out a fourth week of gains and was up 13.6 percent from the Christmas Eve close. "It's a grind higher, but I think that's classic. The market takes the stairs up and elevator down. The elevator was a horror show in December. The market is just grinding its way back," said Ar...