The US Stock Market Is Going Up Like A Bubble Balloon

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Last week the S&P 500 managed to close at a new high for the year.

What is noteworthy is that it has floated up since the April tariff drop, with pretty much zero volatility. There have been no big drops, and all possible worries, even geopolitical events, haven’t brought any temporary declines. The VIX spiked to over 50 in April and already is below 17.