We're So Back

Detailed analysis below...

US stocks recorded their best week of 2024 last week, led by a +5.5% surge in the Nasdaq.  The NDX, which is now up +12% since last Monday’s lows, exited the week on a 7 day winning streak (its best 7-day stretch in 2+ years).

The equities “volatility smash” that we’ve become accustomed to throughout this bull market is SO BACK.  The VIX dropped -27.3% last week, its most since November 2023.  The market’s fear index is now down -73% from last Monday’s peak panic spike.