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Equities attempt to consolidate gains as we head into the new week. Stocks finished last week on a positive note as a rally on Friday pushed equities firmly into positive territory. The Nasdaq Composite rallied +2.4% for the week while the S&P 500 advanced +1.3% and the Dow Jones edged up +0.7%. The one notable laggard was the small-cap Russell 2000 index which closed down -3.2%. The Mega Cap names were a key drive with the MGK rallying +3.4% for the week. Information technology was the top performer last week (+4.8%). Telecom (+2.2%) was a distant second followed by Consumer Discretionary (+0.9%), Industrial (+0.9%), while Financials (+0.3%) and Consumer Staples (+0.2%) eeked out small gains. Laggards included Energy (-3.8%), Utilities (-2.6%), Real Estate (-2.1%), Materials (-1.8%), and Healthcare (-1.0%). The moves raise questions about the health of the rally and the reason behind the decline in bond yields. Bears will argue that the price action in the indices is masked by the...