Four Indicators Suggest a Bullish Stock Market Reversal
- A Zweig breadth thrust was triggered on the S&P 500 index on April 24.
- The high yield options adjusted spreads (OaS) retraced 50% of its widening by April 23.
- The S&P 500 experienced two consecutive days where 90% of stocks rallied.
- The volatility index (VIX) closed below the level of 31, indicating reduced future volatility.
Fundstrat’s Tom Lee highlights four signs suggesting a bullish reversal in the stock market, including a Zweig breadth thrust and narrowing credit spreads. These indicators point towards potential stability and growth in equities.
Source (2.6)https://dailyhodl.com/2025/04/27/here-are-four-signs-the-stock-market-has-bottomed-according-to-fundstrats-tom-lee/?rand=59076
