Why is this market so incredibly confident?

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So far the pullback looks like the normal breather after a big market advance

To me this feels like nothing more or less than a required breather after a big run to new highs. For example, on Friday the Standard & Poor’s 500 Stock Index climbed to a five-year high. Today it’s down 0.52% to 1459 as of 2 p.m. New York time. Tokyo’s Nikkei 225 is down 0.83% today—but then the index was up 23.3% from November 14 through January 4.

Lessons from 2012 for profiting in the recent rally

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Stocks are challenging the September 14 high

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Where does this rally go from here?

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