The U.S. stock market has been showing signs of resilience in recent weeks. After bottoming at 1812 on the S&P 500 Index on January 20, stocks have rallied by as much as +7% into early February and remain well off their recent lows through Thursday’s close. And still hovering at just -10% below its all-time highs from last May, it seems that the S&P 500 Index still has the potential to find its footing and eventually fight its way back to new highs. Unfortunately, for the S&P 500 Index, it is finding itself increasingly surrounded by bears that may eventually take it down once and for all.
Please click on the link to read more of my article on Seeking Alpha.