Happy Easter and Happy Holiday - we hope you’ve spent some wonderful moments with your loved ones.

The first quarter has already come to an end. Time usually flies, but we must admit it has gone even faster since we embarked on this journey of daily market commentaries.

80% of the VIX closes have been below 16, 50% below 14.

The good news is that it's never too late to make small adjustments, tidy the house, and return with a better mindset as Q2 starts. Nothing is better than a three-day weekend to reset at the end of Q1. Trading is equally about prediction as it is about preparation and execution over 252 iterations a year.

You still have 189 games ahead of you—how will you play them?

In other news

The markets were extremely quiet last week, as is usually the case during Easter week. We still had two major economic releases—GDP came in higher than anticipated at 3.4%, while the PCE rose slightly but was mostly in line.

The big events happened on Friday, when everyone was away from their desks. Powell spoke about inflation, and guess what? He stayed true to himself: "There's no rush to cut the rates, but waiting too long risks hurting the economy." Want to read between the lines? He doesn't know but is vigilant and open about it.

And Wall Street loves that for now. Let's hope he continues to deliver.

Thank you immensely for staying with us for another week. As usual, here are two very interesting reads we've come across last week:

  • It is no secret that we are big fans of , and if you need a good macroeconomic fix, here is her latest piece. Discover the power of the Sahm rule, a simple yet highly accurate economic indicator designed to trigger automatic stimulus checks during recessions.
  • Finance and philosophy are two of our favorite reads. So when we saw the title "Financial nihilism," from we couldn't resist. What is it? A pervasive sentiment among younger generations fueling risky behaviors from meme stocks to crypto gambling, as the American Dream slips further out of reach.
  • We published an Easter Egg on Wednesday before the long break. In case you missed it, it is available here.

That is it for us. We wish you a wonderful week ahead and happy trading!

Ksander

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