The U.S. Stocks are seen as little changed Tuesday; Euro falls on disappointing German data, dollar rises against yen and pound; Treasurys lower; Nymex down at $96.60; Gold higher at $1,727.00.

Overnight action: U.S. sets money-market plan; Xstrata, Glencore set merger terms; Greek talks resume amid strike.

Watch for: ICSC-Goldman Sachs Chain Store Sales Index; Ben Bernanke testimony; earnings from Coca Cola, Disney.

The Breakfast Briefing

It's quiet out there. But is it too quiet? Is a correction lurking sooner rather than later?

More and more analysts believe the answer is no and that the rally that has seized the markets to start 2012 may well continue to run for a while longer.

The market kicked off the week with another uneventful trading session. Major stock indexes finished slightly lower. The seemingly never-ending negotiations between Greece and its creditors over a new deal hung over Monday's action.

If this were 2011, the negotiation's fits and starts likely would have whipsawed markets in both directions. But it's not 2011. And for now, markets seem to be pricing in a deal and ignoring the minute-by-minute drama, which is evident in the lack of daily volatility and dropping price correlations.

Through Monday's close, the S&P 500 has gone 27 trading days without a 1% or more decline, its longest streak in more than a year. Its biggest drop during the 27 days was 0.57% on Jan. 26.

"While our experience over the short-term would suggest we may be 'due' for a big down day, from a longer term perspective, there is plenty of precedent for a much longer streak to occur," Bespoke Investment Group says, as longer streaks were more commonplace during much of the 1980s, '90s and 2000s.

Current correlations, meanwhile, fell near their lowest levels in more than 25 years, according to Brian Belski, chief investment strategist at Oppenheimer, which is another positive for investors.

Dow futures edged down 11 points, while S&P 500 futures dropped 2 points, as of 6:00 a.m. Eastern Time.

Considering the sharp rally to start the year, no one would be surprised if investors took some chips off the table and watched the market meander over the short term. That tends to happen after big gains.

But a number of analysts don't believe we've seen the peak of this recent surge.

"The near-term downside risk in the U.S. stock market currently exceeds upside potential," says John Kosar, director of research at Asbury Research. But he expects any decline will be "temporary and corrective rather than directional and sustainable."

Morning MarketBeat Daily Factoid: On this day in 1962, President John F. Kennedy banned all U.S. imports and exports with Cuba, embarking on a full-trade embargo with the country.

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