Read the weekly letter here:
Carlsquare Weekly market letter
- The S&P 500 continues to climb due to solid earnings reports. Implied stock market volatility trades near record lows, showing that the calm markets may lull investors into security.
- This week is essential from a news flow perspective with the Fed decision tonight and the monthly payroll figures in the US on Friday, 5 May, which probably will move the market sharply in either direction.
- It is still cheap to buy protection!
S&P 500 tests year-to-date high amid calm markets. The calm in equity markets is illustrated by the VIX, which is close to a 12-month low.
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