The worry about the future direction of the S&P 500 comes as stocks have been recouping a lot of their losses after the bloodletting of earlier this month that pushed equities into correction territory.

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According to E*TRADE, the S&P 500 gained more last week than it has in a single Friday-to-Friday period since December 2012. The index enjoyed six straight days in a row of gains, which E*TRADE Financial Corporation (ETFC) said matches its longest up streak since October. Investors are worried that too much growth in the U.S. economy will result in the Federal Reserve raising interest rates at a faster pace than expected. According to Bloomberg, the skeptics could be right if you look at it from a historical perspective. In the two corrections seen in 2015 and 2016, Bloomberg said that the S&P 500 retested the initial lows within weeks of the stock market being in full recovery mode.

Still, the bulls appear to be winning, at least for now. As E*TRADE pointed out in a recent blog, in addition to the S&P 500 surging last week, the Dow Jones Industrial Average surpassed the 25,000 point level again, and U.S. indexes moved back into positive territory. “By last Thursday, volatility had returned to its 20-year average. After peaking above 50 on Feb. 6, the Cboe Volatility Index (VIX) dropped back below 20 and to its lowest level in two weeks,” wrote the brokerage, noting that, as of Friday, the S&P 500 Index was closer to its record high set on Jan. 26 than its Feb. 9 correction low.

Stocks did suffer a sell-off late Wednesday after the minutes from the Federal Reserve’s meeting revealed that an increase in inflation and economic growth are reasons that the Fed plans to stay on its course of raising interest rates gradually. The Fed did say that it still believes inflation will hit the 2% target and that it does not look as if it is rising too quickly, reported CNBC.