Stretching the market rally

A two-week advance looks to continue this week, as investors consider the latest on the global economy -- but the early summer correction may not be over.

After slumping almost 14% in six weeks, stocks, as measured by the broad S&P 500, have now gained back just over 6% in the past two weeks. That's good news for investors who were worried that the correction -- a selloff of more than 10% from the highs -- would become a bear market, a selloff of over 20%.

But the stock recovery has been mostly technical and trading-driven, rather than based on changes in the underlying issues that sparked the selling in the first place. That factor suggests another bump down is coming, perhaps later in the summer. (more)