Last week, the S&P 500 was marked by small negative shocks, which were historically however quite moderate. Investors in other markets experienced real volatility. After the all-time high on Friday the 16th of April, investors preferred to secure their returns on the first two days of the week also in view of the threat of tax increases on capital market gains. Even extraordinary reports from large companies could not deter market participants from selling. However, after new details about the newly imposed taxes, the S&P 500 climbed to new all-time highs. This meant that the week ended almost at the same level as at the beginning. All observed values closed the week in minus. Investor confusion was reflected this time in ONE SIGNAL, which suffered its biggest weekly loss since November 2020 at -1.92%.