Trump's trade deals with the EU and Japan pave the way for the stock market to end with it's third straight annual gain of more than 20%, Oppenheimer said.

"This year reminds us of the classic Charles Dickens quote, 'It was the best of times, it was the worst of times.'"

The FTSE 100 is set to bounce a little after falling with other European stocks yesterday. Futures are up 0.2%. The pound is nearly flat for the session but has slipped well below $1.34 again following a rally for the dollar on Monday afternoon.

Defense stocks such as RTX (RTX) and Kratos Defense (KTOS) are under pressure after an early rally faded, despite President Trump touting hundreds of billions in EU military purchases. Cisco (CSCO) stock is slipping after Evercore ISI downgraded the company to In Line from Outperform,

Buy the Dip investors will lover IBM’s drop on strong earnings, while value investors should look at Boeing’s setup for a $300 breakout. On the income/dividend side, ADM is quietly turning bullish with a 4% yield.

The stock market closed mostly higher Monday, after President Donald Trump announced on Sunday a trade deal with the European Union.

Alphabet's AI Overviews (a feature that provides direct answers and summaries at the top of search results) is currently serving over 2 billion users monthly across more than 200 countries and 40 languages.

The energy purchases are a key component of a trade deal struck between the European Union and the U.S. over the weekend.

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