The headlines on Friday are bragging about stocks making new highs since the bear market began a year ago. This is breeding a fresh round of optimism that the new bull market is soon at hand.
Yes, technically speaking stocks are up over 20% on the S&P 500 from the October lows. But digging below the surface shows a much less bullish picture making this feel like yet another in a long line of sucker’s rallies before stocks head lower again.
