The stock market can’t find a direction and seems fairly to slightly overvalued with the S&P 500 near $2800. Investors remain cautious as the US economy remains shut and expectations of the US economy reopening range anywhere from early May to early summer. The VIX continues to back off of all time highs and options pricing are coming in line with historical levels. Big Technology companies are leading the recovery as Amazon, Apple and Microsoft approach all time highs.

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