Welcome to the Grand Re-Opening! US markets continue to embrace the “light at the end of the tunnel” as States slowly re-open their economies. While the V, U or Nike swoosh rebound remains to be seen, any economic re-start is a short term positive. Ford, GM and Fiat Chrysler all look to get their plants going, as Simon Property will open 49 sites in early May. The shift has helped the economic sensitive SmallCaps outperform once again. The Russel 2000 has gained 5% this week, and is once again above its 50 day moving average. As a harbinger of the economy, this index will be the one to watch for any future economic disruption.
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