Here’s Why Stocks Will Shoot Higher… For Now

by Greg Guenthner
Daily Reckoning

Put down that can of beans, unlock your bunker door and fire up your computer…

We’ve got some interesting developments percolating under the surface of the major averages you need to see.

First, the market has stopped going down—for now. It’s too early to know if the current correction has run its course. But the market looks much more forgiving today than it did just a few weeks ago.

The S&P 500 is up more than 8% since February 12. Yes, the major averages are still in the red for 2016. But this strong move off the bottom is raising investors’ eyebrows.

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