The Major Markets logged gains across the board last week. This was complete with fresh all-time new highs in the S&P 500 and Nasdaq on Friday.

The presence of positive performance was consistent at the sector level as all 11 sectors closed higher. Last week was stimulated in large part due to earnings releases and trade optimism around tariff news. 

Fact Set reported that 34% of the S&P 500 constituents have reported as of Friday. Of those, 80% have beat their EPS estimates. This week, another 747 companies will be reporting, followed by the peak number of companies reporting their results next week.

In geopolitical news, Japan reached a deal with the US last week which saw overall import tariffs cut from 25% down to 15%. As Reuters pointed out, this deal serves as a likely template for other countries and trade unions ahead of the August 1st deadline.

The equity market wasn’t alone in positive territory. Overall, the bond market also experienced a favorable week with gains across a number of bond indices. As of Friday, the Bloomberg Barclays Aggregate Bond Index sits with a year-to-date gain of 3.6%.