The S&P 500 has declined just twice in the past 18 Mondays.
The bidding has been powerful today, initially led by tech but broadening later in the day. The S&P 500 is up 1.4% to 4191, erasing all of Friday’s decline and much of the drop on Thursday.
SPX daily
The next challenge for global equities will be the Bank of Japan decision later today. A removal of yield curve control could push up global yields and that may lead to stock market declines.