5k on the SPX is now within spitting distance. US equity markets caught a bid pre-open this morning and never looked back (though couldn’t quite eek out the 5k, closing at 4995.05). The reason behind the move higher wasn’t overtly obvious, though a strong 10y auction served to ease investors’ fears. Beyond that, there were no major macro headlines overnight/in the morning, and while there was a storm of earnings, none of them were significant enough to make a massive difference to overall marke…