I like it when tech does great – sectorally, some defensive bias is there as neither communications nor discretionaries are pulling up much on a weekly basis.

We might see early week consolidation then higher; but hesitate ahead of the Fed decision; then respond to earnings. Geopolitical or other exogenous factors bear watching; also note the continued tensions with Venezuela.

Since April’s “Liberation Day” tariffs, it's felt like a never-ending game of tariff whack-a-mole. This weekend hinted at something different — the sense that both sides have finally tired of the noise.