After the worst decline since November, stocks bounced back on Tuesday. But what should you make of the leadership?
Looking at the price action, the gains were significant. Coca-Cola shares rose to $42.41, their highest since 1998 while Johnson & Johnson touched a record high of $83.50.
Coke may refresh but it's hard to think it's about to refresh the rally. That is, it's hard to think that Tuesday's gains are a sign that the stock market is ready to embrace risk again. "No doubt about it, these are bellwether stocks," said Jim Cramer.