After a long weekend, the market got a decent start to the new week from favorable European economic reports this morning and our own political “calm before the storm.” Last week was frankly more upbeat than many expected as the market continued its advance to new highs, albeit slowly. And it was a quiet one ahead of the President’s Day weekend with a less partisan State of The Union speech from the President.

The S&P 500 held once again at the 1350 level, and a “Rush to Risk” ended the shortened week at 1409, up more than 3% for nearly all indices and sectors. Where do we go now?