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Tariff setbacks are positive for equities, as it pushes us closer to the end game. Still the "most hated" rally = bullish

VIDEO: S&P 500 is on track to gain +1.6% this week, adding to an already strong May.  This is a reminder that pullbacks are shallow and this remains one of the most hated rallies.

Please click below to view our Macro Minute (duration: 5:56).

There were several incremental positives this week from Nvidia results ($NVDA strong) to tariff developments, which led to a strong week for S&P 500 up +1.6% week to date and Nasdaq 100 +2.2%. A...

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