Growing hopes that we may be nearing a peak in the coronavirus pandemic led to a strong rally in US equities last week. The double digit gains in all the major indices were the best weekly returns in 45 years. Encouraging trends in the number of new Covid-19 infections and fatalities in several global hot spots, (Italy, France, Germany, Spain, and New York City) helped to improve investor sentiment. Economic news remains weak with reports that another 6.6 million Americans had filed for unemployment in the prior week. However, the Federal Reserve continues to take aggressive action; last week they introduced another $2.3 trillion emergency lending capacity for small and mid-sized businesses. Congressional leaders are also in discussion regarding the next round of additional stimulus. Markets were closed on Friday in observance of the Good Friday holiday.