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…