S&P 500 surges 20% in six weeks as market euphoria returns on Wall Street
The post S&P 500 surges 20% in six weeks as market euphoria returns on Wall Street appeared on BitcoinEthereumNews.com. The S&P 500 has erased six weeks’ worth of panic and clawed its way back from a near-bear breakdown, jumping 20% since April 7 as traders dumped their fears and grabbed every rebound they could find. According to data from CNBC, the rally started after tariffs reached their peak tension point in early April, which triggered the heaviest liquidation seen since the start of the year. That fear didn’t last. As soon as the Trump administration hinted at backing off the China tariff hikes, bulls piled back in and stocks lit up. The sell-off from February’s highs had already wiped out nearly a fifth of the index’s value. But technical traders had started calling the setup “so bad it’s good” — and they were right. From that intraday bottom, the S&P 500 exploded by 23%. By last Friday, it had reclaimed levels above the 200-day moving average and pushed past the April 2 “Liberation Day” closing price. It’s now back in the green for the year, sitting right above where it was the day after the 2020 election. Traders rotate fast as volatility crashes and momentum builds The market’s comeback wasn’t quiet. It’s been a straight-line grind higher, the kind of boring rally that signals strength, not weakness. Last week alone, the S&P 500 added 5.3%. Technical indicators triggered momentum and breadth signals that usually only go off during a real escape from a market bottom. The VIX, Wall Street’s fear gauge, plunged from 50 to under 20 faster than ever recorded. It ended the week at 17, a level that reflects calm instead of chaos. Retail names like Robinhood, Palantir, and CoreWeave have soared 50% to 60% since April 7. Robinhood and Palantir moved almost in sync. CoreWeave, which only IPO’d last month, is up nearly 60%. Nvidia spiked…
The post S&P 500 surges 20% in six weeks as market euphoria returns on Wall Street appeared on BitcoinEthereumNews.com.
The S&P 500 has erased six weeks’ worth of panic and clawed its way back from a near-bear breakdown, jumping 20% since April 7 as traders dumped their fears and grabbed every rebound they could find. According to data from CNBC, the rally started after tariffs reached their peak tension point in early April, which triggered the heaviest liquidation seen since the start of the year. That fear didn’t last. As soon as the Trump administration hinted at backing off the China tariff hikes, bulls piled back in and stocks lit up. The sell-off from February’s highs had already wiped out nearly a fifth of the index’s value. But technical traders had started calling the setup “so bad it’s good” — and they were right. From that intraday bottom, the S&P 500 exploded by 23%. By last Friday, it had reclaimed levels above the 200-day moving average and pushed past the April 2 “Liberation Day” closing price. It’s now back in the green for the year, sitting right above where it was the day after the 2020 election. Traders rotate fast as volatility crashes and momentum builds The market’s comeback wasn’t quiet. It’s been a straight-line grind higher, the kind of boring rally that signals strength, not weakness. Last week alone, the S&P 500 added 5.3%. Technical indicators triggered momentum and breadth signals that usually only go off during a real escape from a market bottom. The VIX, Wall Street’s fear gauge, plunged from 50 to under 20 faster than ever recorded. It ended the week at 17, a level that reflects calm instead of chaos. Retail names like Robinhood, Palantir, and CoreWeave have soared 50% to 60% since April 7. Robinhood and Palantir moved almost in sync. CoreWeave, which only IPO’d last month, is up nearly 60%. Nvidia spiked…
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