(New York)

Stocks have been doing great—almost too great. After a rough patch from February to July, the S&P 500 is up 3% in the last two weeks alone. Stocks have been so strong over the last several weeks that it has taken shares back to nearly overbought territory—right where they were in January before February’s violent correction. However, that seems less likely this time around for a couple of reasons. Firstly, the economy and earnings have been humming; and secondly, because many fund managers might ditch their short bets and go long before they fall even further behind.

FINSUM: There are several factors coming together which make it look like this could be a very good autumn for stocks.