The market rebound has been truly historic: The S&P 500 has risen +17.2% over the last 6 weeks, marking the sharpest 6-week gain since 2020. At the same time, the Nasdaq 100 has rallied +23.2%, also the biggest increase since 2020. Over the past week, the S&P 500 gained +5.3%, recording its second-best weekly gain since November 2023. The Nasdaq 100 gained +6.8%, its second-best week since November 2023. The market is moving in a straight-line.