In the bond pits, the two-year U.S. Treasury ended the week at 2.55% and the 10-year yield settled in at 2.70% following a market-friendly consumer inflation report posted on Friday. WTI crude oil snapped a nine-day winning streak with a 1.9% decline on Friday to $51.59/bbl.
Next week's big events include the Detroit Auto Show and the Super Bowl of retail conferences.
Don't let the short-term rally fool you. Pay attention. In 2008, when the market went into bear territory, there were 10 straight days of gains before moving down again. Not saying this will happen again, but be vigilant.