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But we saved everything 🙂.
Michael A. Gayed highlights an unusual surge in S&P 500 trading activity, noting that Thursday's volume reached 9.06 billion shares, which is 62 percent higher than the average for June.
He observes that such high volume in the presence of a steady VIX suggests a crowded market rather than a quiet session.
Last week, Gayed reported that the S&P 500 fell 1.25% as the VIX climbed more than 12%, describing a pronounced reversal in sentiment in a recent note. He previously addressed digital asset risk by apologizing for an earlier Bitcoin margin call comment about Michael Saylor and outlined plans for further analysis in a separate commentary. These observations add context to Gayed’s current market assessment.