Hopes of trade war, Brexit breakthrough bring cheer

US STOCKS rallied last week as two of the darkest clouds on the market horizon parted simultaneously.

This week, the rally could continue, particularly if the Brexit and trade-war clouds continue to lift and third-quarter earnings come in strong.

Last Friday, US President Donald Trump said the US and China had reached "Phase One" of a trade agreement, which could result in US$40 billion to US$50 billion in agricultural purchases by China.