The market rallied 3% and oil shot up 7%, on top of a 6% gain the prior week. Employment numbers were very strong and treasuries were down on the week as 10-year yields climbed 0.26 to 1.94%.

US companies have been operating at very high profit margins for several years now as wages have stayed close to flat. If the economy continues to accelerate and if job trends remain strong at some point workers will get a bigger piece of the pie, and that will likely result in profit margins beginning a long anticipated reversion to the mean.