Stocks rally for a second day. Euro Commission meets. Scots beg forgiveness. Stress tests. GE no longer a threat. Consumer spending up. Pending home sales down. Puerto Rico will default. Coke GMO in Vermont. Financial Review by Sinclair Noe for 06-29-2016 DOW + 284 = 17,694 SPX + 34 = 2070 NAS + 87 = 4779 10 Y + .04 = 1.51% OIL – .30 = 49.58 GOLD + 6.80 = 1319.30   Stocks rallied for a second day, and it was a global rally. The dollar weakened. The yield on 10-year Treasuries rose four basis points to 1.51 percent after falling Monday to the lowest in almost four years. The MSCI All-Country World Index had its biggest two-day gain since August. The S&P 500 moved from negative year to date to slightly positive. The Dow Jones Industrial Average stretched its rebound to 553 points since Monday’s close. Britain’s FTSE 100 Index erased its post-Brexit losses with a 6.3 percent surge over two days. The Stoxx Europe 600 Index climbed 3.1 percent. The gauge has recovered 4.7 percent after tumbling 11 percent over two days. It is still heading for a second consecutive quarterly decline. Emerging-market shares climbed. Maybe cooler heads prevailed; maybe it is a short squeeze. Goldman’s basket of the most shorted shares in the Russell 3000 Index rose the most since 2009. Doesn’t matter. Prices moved higher.   And so this raises the question of whether all the fear over Brexit was justified, or if this is just the ...