Last week’s rally in US stocks may just be the effect of a light volume/holiday week melt up, but the numbers were impressive and set the posts for last week’s action:

• S&P 500 +1.52% last 5 days
• Tech sector in S&P: +2.29%
• Russell 2000: +3.10%
• S&P Small Cap: +3.31%
• All of which roundly beat “Rest of world” equities, up only 0.70% (MSCI All Country Ex-US)

Although Friday’s Goldilocks-style Jobs Report played a role, this strong performance stands in notable contradiction to market concerns over global trade disputes. Given these have been brewing for months, they should now be bitter enough to make for a less appetizing US stock market. The tape respectfully disagrees…. CLICK for the complete article