National Home Price Index shows that home prices nationwide are still up 0.6% year-on-year in March, far from the property market crash that many doomsayers were predicting in 2022. The latest reading on the S&P/Case-Shiller U.S. also meant that high mortgage rates have barely dented national home prices. A fundamental shortage of housing in the U.S. Not only has inflation remained on a downward trend, but resilient private consumption has also helped to cushion the impact of higher interest rates on the rest of the economy. From our perspective, however, we think that the sustained rally in the S&P 500 is justified given evidence that the economic landscape increasingly resembles that of a Goldilocks scenario. The S&P 500's sustained rebound since bottoming out in October 2022 continues to confound the die-hard bears, many of whom are desperately clinging to hopes that corporate earnings will eventually fall off a cliff or that inflation will reignite further monetary tightening by the U.S. Accordingly, we are upgrading our rating on the ProShares VIX Short-Term Futures ETF ( BATS: VIXY) from 'Hold' to a 'Buy'. Readers who have been following our research on the VIX and have waited patiently for the VIX to fall under our entry target of 15 points, should take this opportunity to establish a long position on the VIX. Meanwhile, the renewed calm in the markets also saw the CBOE Volatility Index ( VIX ) falling below our long-held target entry level at the time of writing. government's US$31.4 trillion debt ceiling, has led to a decisive rally that saw the S&P 500 Index ( SP500) breach its critical 4,200 resistance level. News that the House of Representatives and the Senate have passed legislation suspending the U.S.

We are who we are lyrics vixy and tony