S&P 500 stretches to the best levels of the day

  • Another Monday rally

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
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.

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