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- The US stock market experienced a massive short-squeeze. Weekly market recap, trading week 16/2026
The US stock market experienced a massive short-squeeze. Weekly market recap, trading week 16/2026
Summary of the trading week using the most popular posts from the X platform
Global Markets Investor
April 19, 2026
In partnership with
GLOBAL MARKETS INVESTOR’S PORTFOLIO IS 🔥UP +93%🔥 SINCE JANUARY 2024
DURING THE MARCH-APRIL 2025 MARKET TURMOIL, MAJOR US INDEXES FELL NEARLY 20%, WHILE THE GMI PORTFOLIO GAINED OVER 5%, FIND OUT HOW BELOW:
In this series, you can find financial markets posts with the highest number of interactions from my X platform feed over the most recent week. I am aware that not everybody uses X regularly, so I thought it could provide some value to your analysis and investment process. These posts are surrounded by extra charts, commentary, and explanations of complicated topics.
The S&P 500 completed one of the fastest oversold-to-overbought reversals since 1950.
The index moved from oversold to overbought territory in just 11 trading sessions, the 2nd fastest such reversal since 1950, surpassed only by August 1982, according to Bloomberg.
This also marks the 3rd straight week the S&P 500 has closed up 3% or more.
The last time this happened was in June 2020, September 1982, and September 1940.
Additionally, the Nasdaq 100 has now risen for 13 consecutive sessions, the longest winning streak since July 2013, a stretch exceeded only twice in the index's history.
Meanwhile, the Magnificent 7 basket has not posted a red day since March 27th, rising +19%.
WTI crude fell -12% on Thursday alone, back to its lowest level since March 11, as ceasefire optimism triggered a wave of long liquidation.
Dated Brent, the most important indicator of real-world oil market tightness, nearly erased its premium over front-month Brent futures.
This raises the question of whether the physical oil market has actually loosened, or whether the move was triggered by headlines rather than a fundamental shift in supply conditions.
Meanwhile, Bitcoin and silver prices have had a nice run-up.
With the S&P 500 now overbought, CTAs having deployed their highest-velocity buying, and options expiry heavily skewed toward calls (more about that in the following sections and the top 15 charts article), the market may be set for a pullback next week.
In case you missed it, other posts from this week are listed below.
1) Weekly performance. In the first post attached, you can see last week’s performance of the major US indexes, the VIX volatility index, 10-year Treasury yield, the US Dollar, gold, silver, WTI Crude oil, and Bitcoin.
- S&P 500 +4.5%
- Nasdaq +6.8%
- Russell 2000 (small caps) +5.6%
- Dow Jones +3.2%
- US 10-year Treasury yield -8 basis points
- Bank Index +2.4%
- VIX -9%, front-month contract VIX futures -5%
- US Dollar index -0.5%
- Gold +1.7%
- Silver +6.3%
- WTI Crude Oil -12%
- Bitcoin +6.1%
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For the trading week ending April 24, key events are:
- US Retail Sales for March on Tuesday
- US Consumer Sentiment for April on Friday
- ~10% of S&P 500 companies reporting Q1 2026 earnings
Pretty muted week ahead in terms of economic data.
2) The Strait of Hormuz has closed again, hours after briefly reopening. Meanwhile, the physical oil market is telling a very DIFFERENT STORY from the futures market.
3) In early April, global investors were the most bearish on markets and the economy since June 2025.
4) Retail investors sold US equities at the beginning of the rally, and they are now piling back, so are hedge funds.
5) Some additional posts covering interesting economic and financial market data: the world's diminishing crisis-fighting capacity, the US K-shaped economy, US PPI inflation, gold, the declining global role of the US dollar, China's debt, software stocks, jet fuel prices and airfares, South Korea exports, and Iran's oil revenues.
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