The S&P 500 Rally Powers On
- S&P gains 3.5% as jobs signal Goldilocks scenario for stocks
- All eyes on next week’s CPI number for hints on Fed hikes
Alberto Gallo Says Markets Not Back to 'Goldilocks'
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The bull market’s resilience was hard to find fault with this week.
A constellation of risks that loomed on Monday, from trade tensions to the jobs report that wrecked equities last month, became reasons to buy by Friday afternoon. The S&P 500 Index ended up 3.5 percent on the week, volatility is rapidly abating and technology stocks are back at record highs.