Wall Street was upbeat last week with the S&P 500, the Dow Jones, the Nasdaq Composite and the Russell 2000 adding 0.6%, 0.7%, 0.5% and 0.8%, respectively.
Stocks across the globe logged in the fourth consecutive month of gains.
Last week was downbeat for Wall Street due to rising rate worries and subdued retail sales data. Several inverse leveraged ETFs gained handsomely last week.
After April, stocks registered their biggest weekly gains last week. The week saw the U.S. presidential election and the likelihood of a Biden presidency with a divided Congress.