In the past five trading days, the S&P 500 hit all-time highs four times and closed the week at a more frightening high of +2.34%. ONE SIGNAL delivered long signals and a single short signal on Tuesday, when the markets took a breather. Smart traders thus achieved returns every day. These good news gave skeptic investors hope and contributed to the all-time highs:
- The rate of vaccinations is increasing, with 3 million daily new vaccines given in the US
- Despite Friday’s rise, the 10-year interest rates for the week fell 4.42%
- Parallel to 10-year interest rates, the 30-year interest rate on real estate loans also fell
- Steady fall of the unemployment rate
The annual inflation rate, which has risen to its highest level in nine years, has not been able to spoil the good mood of investors. Oil prices decreased by 3.56%, while gold rose by 0.90%. ONE SIGNAL achieved a return of 2.24% last week and 14.80% year-to-date.