Summary:
· The S&P 500 gained 1.6% last week, ending the week at 2500 for the first time ever.
· The week began with the futures gapping up and continuing higher on relief over a lack of bad news from North Korea.
· The CBOE Volatility Index (VIX) will reach a cycle low in the coming 3-4 days, after which we may see a decline in the stock market.