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VIDEO: Stock Market Rebounds In Strongest Rally Since August

After China's slowdown and oil's collapse put a dent in the equity markets to start the year, the S&P 500 has rallied for the past three days, producing its strongest showing since August.

Fueled by earnings reports and oil prices, TheStreet's Jane King says the S&P 500 is "officially out of its correction"—a streak that continues for the fourth straight day.

Despite the positive results, St. Louis Federal Reserve President James Bullard, usually one of the most hawkish Fed members, still urges against a March rate hike.