This trend of the stabilization of the broad stock market we've been seeing lately will continue through the year. We saw a sharp recovery in stock prices last year, but right now stocks are fairly valued versus the underlying fundamentals.
Earnings growth for the S&P 500 continues to be robust, and could end up beating north of 10 percent for the year.
Profitability in the first-quarter and beyond is going to continue to be strong and the broader economy is clearly in a recovery phase,