Grading stocks’ comeback and whether this is the start of the next leg of the bull market


(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.)

“You are what your record says you are,” said former football coach Bill Parcells, offering a no-excuses maxim of accountability tied to tangible results.

So, what does the stock market’s recent rally to a new record say that it is?

Has this simply been a relief rebound following a late-summer recession scare — one that’s simply lifted the upper end of a long trading range?

Or have stocks embarked on a new leg to this bull market following a successful “soft landing” for the global economy and a temporary lull in corporate-profit growth?

The weight of the…


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