But the indices are covering up some very weak action under the surface.
Washington is no longer held captive by U.S. companies that want to feast off of China.
LMT spiked right through a couple of points of resistance late last week.
The 20% decline in the Shanghai index could portend that the Chinese may be on the verge of giving in.
Concerns over trade wars have impacted this name over the past week.
The Philadelphia semiconductor index gave up 2.7% on Thursday.
Investors don't know how to price in the impact of the Senate Intelligence Committee hearings on tech stocks.
The president's tweeted vitriol to trading partners will weigh on global industrials.
The Salesforce CEO says companies are spending aggressively on this largesse.
Watch the trade war with China and the rising U.S. dollar to figure it out.