US equities rallied in Monday trading, with the major indexes finishing just off best levels. Today's strength came after S&P fell for a seventh consecutive week last week but avoided falling into bear market territory. President Biden said he is considering lifting some China tariffs to help with inflation while the Shanghai reopening seems to be on track with COVID-19 cases at a two-month low. In corporate news, Broadcom is reportedly in talks to acquire VMWare. Another big week of retail earnings on tap with Costco, Dick's Sporting Goods, Nordstrom, Macy's, Best Buy, Dollar General and Dollar Tree among the notable companies set to report this week.