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Every piece of good news comes with bad news.
The market will never give you a clean, straightforward answer; it only offers hope and fear at the same time on the same day.
Last night marked the seventh consecutive day of gains for the S&P 500. Seven days of rising prices; the last time this happened was in October of last year.
The Dow Jones finally turned positive this year, with a year-to-date increase of 0.25%. But think about what has happened in the meantime; climbing back to water level is already very difficult.
VIX closed at 19.49, down 7.37%, officially breaking below 20. The last time it was this low was on February 27. The next day, the U.S. launched an airstrike on Iran, and since then, VIX has never fallen below 20.
So, this 19.49 suggests that the market is saying: maybe, perhaps, the war is about to end.
Maybe, maybe, just maybe.