Day 149: Rate Cuts + Trump 2.0 Day 94

April 24 (Thursday) Market Recap – Quiet Confidence as Bulls Hold Ground
Markets posted another green session, extending the rebound to a third straight day, though at a more measured pace. The S&P 500 rose +1.28%, and the VIX slipped another -3.69%, reflecting easing fear but also cautious optimism as we edge closer to earnings fireworks.
Markets posted another green session, extending the rebound to a third straight day, though at a more measured pace. The S&P 500 rose +1.28%, and the VIX slipped another -3.69%, reflecting easing fear but also cautious optimism as we edge closer to earnings fireworks.

Magnificent 7 Recap – Steady Climb, Slight Fade
• NVDA $NVIDIA (NVDA.US)$ : +2.65% - leadership returned, reclaiming $105 with strength
• MSFT $Microsoft (MSFT.US)$ : +2.39% - grinding higher, reclaiming levels lost during the tariff shock
• AMZN $Amazon (AMZN.US)$ : +2.18%, GOOGL $Alphabet-A (GOOGL.US)$ : +1.68% - solid green with strong open momentum
• META $Meta Platforms (META.US)$ : +1.42%, TSLA $Tesla (TSLA.US)$ : +1.28% - moderate gains, held early pop
• AAPL $Apple (AAPL.US)$ : +0.67% - more cautious, still trending up
• SPX $S&P 500 Index (.SPX.US)$ : +1.28% - slow and steady grind higher
• VIX $CBOE Volatility S&P 500 Index (.VIX.US)$ : 27.40 (-3.69%) - volatility continues retreating toward normalcy
Key Drivers Today
• Tariff retreat narrative still intact: No major escalation, which gave room for upside continuation
• Options momentum & gamma pinning: Call flows pushing key levels but also capping breakouts
• Macro caution: Investors are watching oil, bond yields, and early earnings closely - not ready to go all in
• NVDA $NVIDIA (NVDA.US)$ : +2.65% - leadership returned, reclaiming $105 with strength
• MSFT $Microsoft (MSFT.US)$ : +2.39% - grinding higher, reclaiming levels lost during the tariff shock
• AMZN $Amazon (AMZN.US)$ : +2.18%, GOOGL $Alphabet-A (GOOGL.US)$ : +1.68% - solid green with strong open momentum
• META $Meta Platforms (META.US)$ : +1.42%, TSLA $Tesla (TSLA.US)$ : +1.28% - moderate gains, held early pop
• AAPL $Apple (AAPL.US)$ : +0.67% - more cautious, still trending up
• SPX $S&P 500 Index (.SPX.US)$ : +1.28% - slow and steady grind higher
• VIX $CBOE Volatility S&P 500 Index (.VIX.US)$ : 27.40 (-3.69%) - volatility continues retreating toward normalcy
Key Drivers Today
• Tariff retreat narrative still intact: No major escalation, which gave room for upside continuation
• Options momentum & gamma pinning: Call flows pushing key levels but also capping breakouts
• Macro caution: Investors are watching oil, bond yields, and early earnings closely - not ready to go all in

The Big Picture
This wasn’t a breakout session - it was a confidence-building pause. After three sessions of recovery, markets are stabilizing, digesting gains, and preparing for the earnings inflection point.
The Magnificent 7 are reclaiming technical levels fast - but volume is light, and the VIX, while falling, still shows market unease.
This wasn’t a breakout session - it was a confidence-building pause. After three sessions of recovery, markets are stabilizing, digesting gains, and preparing for the earnings inflection point.
The Magnificent 7 are reclaiming technical levels fast - but volume is light, and the VIX, while falling, still shows market unease.
Are we setting up for a fourth green day, or will Friday’s session remind us just how fragile this recovery might be?
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104088143 : What happened.