Weekly S&P500 ChartStorm - 12 May 2024
This week: the trend, the chase, the VIX and all things volatility, China, Canada, and loan officers' opinions...
Welcome to the latest Weekly S&P500 #ChartStorm!
Learnings and conclusions from this week’s charts:
The underlying trend is bullish.
Volatility (the VIX) is low and falling.
Credit spreads and tail hedging demand is also low.
Some signs are pointing to an upturn in volatility.
China is ticking up, Canadian stocks are cheap.
Overall, there is an interesting set…
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