Why The Recent Strength Has Bulls Smiling

The huge equity rally continued last week, with the S&P 500 Index up another 3%, on the heels of adding more than 15% in the previous week. The gain during the past two weeks of 15.5% was the greatest since October 1974. Taking it a step further, the 15 trading days ending April 14 saw the S&P 500 up more than 27%, one of the greatest rallies ever. What we’ve been seeing is truly historic, so the big question now is: What could happen next?

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