Wekly market update

The S&P 500 rose by 1.90% and the STOXX 50 rose by 2.78% this week, while VIX and VSTOXX fell by -3.18 points and -3.55 points respectively. U.S. stocks rose on Friday and for the week after data on the U.S. services sector showed a resilient economy bolstered by comments from Fed officials. An interesting trend to note is the booming popularity of Tesla stock among individual investors, with net retail purchases totaling nearly $14 billion so far this year. Additionally, restaurant stocks are thriving despite stubbornly high inflation, and corporate stock buybacks are projected to top $1 trillion this year, helping to keep the market afloat.

Weekly ranges are published below; as I promised I will add BTC ranges based on Deribit's DVOL index very soon.

 


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