The stock markets have gotten off to a very rough start in 2014, but it looks like things might be starting to turn around. In the middle of earnings season, companies ranging from the drugmaker Pfizer to the home builder D.R. Horton came out yesterday with strong, Street-beating reports.
That wasn't the only piece of good news. The benchmark consumer confidence report issued monthly by the Conference Board didn't just rise in January but greatly exceeded expectations. December's figure was revised upward as well. Add it all up, and the S&P index rose after suffering its biggest three-day drop since last June.
And this is the right time for the market to turn. According to research by Bespoke Investment, over the past 20 years, the Dow Jones Industrial Average has, on median, bottomed out on January 24 - then rebounded for the rest of the month.
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