S&P 500 rallies to session high

Stocks continue to rip

The S&P 500 is up 43 points to 1964 as the index rallies above the morning high of 1961.

Even with a headline-grabbing 2.25% rally, I don't see the gains as particularly significant from a technical perspective. I expect that Wall Street returned from the holidays and put some money to work but until the Sept 3 high of 1975 or the Aug 28 high of 1993 breaks, it's not especially exciting.