* * *
Equities continued to rally for the second week in a row. For the week, SPY and NDX gained 1.7%. RUT led to the upside, gaining 2.7%, making the rally broad-based.
Safe havens - treasuries and gold - which had been in high demand during the sell off in equities, each lost about 0.5% for the second week in a row.
The correlation of equities with crude oil remained the strongest in more than 30 years. For the week, oil gained 10%. A strong opening for equities on Friday was squashed by a 5% intraday drop in oil.