The Globe and Mail reports in its Wednesday edition that the S&P/TSX Composite Index passed the 30,000 threshold early on Tuesday before closing at 29,815.63. The Globe's David Berman writes that the brief time at the summit underscored a near non-stop rally since April as everything from banks and tech companies to gold producers and retailers defied economic concerns. At its high, the Canadian benchmark was up 35 per cent from its recent intraday low on April 7 -- when stocks worldwide were tumbling over the introduction of steep U.S. tariffs that made little distinction between friend and foe and threatened to drag down the global economy. It has outperformed the S&P 500, the U.S. benchmark, by eight percentage points this year. "Headlines and rhetoric just scared everybody, and they forgot how resilient Canadian companies are," top BMO strategist Brian Belski told The Globe. Canadian stocks were cheaper than U.S. stocks based on profits. That made them particularly attractive when some of the worst economic fears subsided. Also, the Canadian benchmark has a heavy weighting in gold, a hot commodity this year because, in part, it is something U.S. President Donald Trump cannot botch up.