The U.S. stock market has a bit of an expectations problem. The rebound by the S&P 500 from its Christmas Eve lows has been impressive. So far, the benchmark index has rallied by +14% and has posted gains in 16 out of the last 21 trading days along the way. In some respects, this latest stock market rally has that same post crisis giddy up so many investors have come to know so and love so well. But this time around, the U.S. stock market is dealing with some particularly high expectation hurdles in the year ahead that may prove too much for our graying and infirmed bull market to overcome.
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