Thursday’s rally in US equities helped cap off one of the most impressive rebounds in recent memory as the S&P 500, Nasdaq, and even the Russell 2000 erased all of their losses from Monday. After the massive party, we look to be closing out the last day of the week with a bit of a hangover. Markets in Asia were mixed overnight, but Europe is broadly lower with declines of over half of one percent. US futures are also indicating a similar decline at the open, while treasury yields are modestly lower across the board. Oil is still down 4% on the week but is up more than 5% from its lows on Wednesday, while gold remains above $1,500 per ounce. Continue reading in today’s Morning Lineup.