The major indexes posted moderate weekly gains thanks to a strong recovery in American stocks on Wednesday, which somewhat erased Monday's fall. The S&P 500 rose 1%.Additionally, stocks rose on Wednesday after U.S. Federal Reserve Chair Jerome Powell stated in a speech that the Fed may begin gradually raising interest rates as early as its meeting on December 13–14. At each of the last four sessions, officials have approved rate increases of three-quarters of a percentage point. The VIX dropped to its lowest point since mid-August and was down over 43% from its most recent high, which occurred in mid-October.
The S&P 500 closed the week up 1.66%, but is still in the negative territory year-to-date with -14.78%. One-Signal Xpert and Xpress are up 69.38% and 40.50% respectively year-to-date.