Here is some context where we've been in the past 4 weeks.
As top Goldman US trader John Flood writes in his latest Mark to Market note (available to pro subs), on April 3, the S&P 500 opened at 5462 (when we got our first look at the now (in)famous tariff board after the close close on April 2 courtesy of the ZeroHedge photo which was the only source of the tariff data for about 15 minutes). Four days later on April 7th the S&P 500 made its one-year low of 4835. On Friday, after 4 consecutive positive trading sessions (S&P 500 gained 735bps during this stretch) we closed at 5525.
