Aug. 30 at 2:42 AM
$UVXY $SPY $QQQ
Is it time for a 1% draw down?
Via TKL 7:33pm pst
The strength of this market is unprecedented.
The S&P 500 has traded for 22 consecutive sessions without a decline of at least -1.0%.
Furthermore, the Volatility Index,
$VIX, has closed at or below 16 points for 18 straight trading days.
On Friday, the
$VIX finished at 14.4 points, its 2nd-lowest daily close since December 2025.
This is ~20% below its 1-year average of ~18.0 points.
The S&P 500 has now added nearly +
$12 trillion in market cap since the March 2026 bottom and stands just ~1.5% below its all-time high.
US stocks have been remarkably resilient.