Weekly Commentary | April 23, 2023

Macro Picture

The equity markets finished mostly lower on the week with investors focused on first quarter earnings reports since the economic calendar was light. The VIX garnered a lot of attention with the volatility index hitting its lowest levels since late 2021 at 17. Complacency has re-entered the market.

According to Refinitiv, 88 S&P 500 Index com…