The week began with a stock rally and good economic news, as an important manufacturing index shot to its highest level in two decades.

Markets A stock rally was cut short by rising oil prices.

But he said that once the new year is under way, the stock rally will continue.

But why would next year's stock rally and bond selloff come early?

Investors seized the chance to take profits won in the powerful stock rally of recent weeks.

The opposite should be true with a stock rally.

The stock rally yesterday was closely tied to strength in the bond market.

He thus recommends using any stock rally as a selling opportunity.

So far, the resurgence of growth here and the stock rally have not lifted the dollar.

But, he said, the market, economic and geopolitical environments are different, making a stock rally like that in 1991 less likely.