Markets are hovering at fresh all-time highs, yet the low VIX reading is flashing a classic "fear of missing out" signal – one that we know can reverse quickly. This week's key catalysts are the FOMC minutes due Wednesday and Nvidia's earnings on Thursday, both poised to disrupt the current spell of low volatility.
Small caps are finally playing catch-up after months on the sidelines, and the broader market structure hasn't shown any real technical damage so far. It's the typical calm before a potential storm – no one is rushing to sell, but everyone is watching the exits closely. Earlier this week, trend-tracker indicators flagged a steady accumulation across major indices, which aligns perfectly with the quiet positioning we're observing right now.
There's no need to chase moves at this point; this tranquility won't last forever. Will you hold through the week's major events, or take some profits off the table first?