The S&P 500 has experienced a significant rally, closing higher for five consecutive days and marking a weekly gain of 5.3%. This surge comes amidst a backdrop of easing U.S.-China trade tensions, with the two nations agreeing to a 90-day pause in their escalating trade war. The index's performance this week is among the best in the last five years, bringing it within 3% of its all-time high set in February. The Nasdaq also saw substantial gains, rising 7.2% for the week, driven by strong performances in the technology sector. Notable tech companies such as Nvidia, Meta, Apple, and Microsoft contributed to the market's upward momentum, with gains of 16%, 8%, 6%, and 3% respectively. The Dow Jones Industrial Average also rose, gaining 3.41% for the week, while the Russell 2000 and S&P TSX Composite increased by 4.5% and 2.4% respectively. Despite the positive market sentiment, consumer sentiment data indicated a decline, with the University of Michigan's survey showing a drop to its second-lowest level on record. Inflation expectations also rose, with consumers anticipating a 7.3% increase in prices over the next year, up from 6.5% the previous month. Gold prices fell by 4.11% for the week, reflecting a shift in investor sentiment. In the energy sector, both Brent and WTI crude oil futures saw weekly increases, settling at $65.41 and $62.49 per barrel, respectively. These gains were supported by shifts in net-long positions by money managers, with ICE Brent net long positions rising by 55% and WTI net long positions falling by 3%. The Nymex price of natural gas also rose by 6%.