Vol Dash 4/24/26

 

Introducing the Vol Dash by TCM, a weekly update on markets and positioning through the lens of TCM’s Volatility Dashboard.

 
Vol Dash User Guide

Vol Dash for week ended 4/24/26

Led mostly by AI-related names, stocks extended their narrow rally from the March lows last week while stalling progress in Iran kept volatility markets on edge with a flat term structure and all VIX futures holding over 20. 

With markets seemingly less sensitive to Iran headlines, the focus has returned once again to the AI narrative that will be updated this week with major earnings announcements from Microsoft, Amazon, Google and Apple, with a Fed rate decision on Wednesday adding to an already busy week.  

TCM Volatility Dashboard Signals 1/2/24 - 4/24/26. Source: TCM. Click for larger image

 

Exposure Update for week ended 4/24/26

Based on the tentative normalization in Dashboard signals, Tactical Beta and Tactical Q remain just below full index exposure for now.

Tactical Beta daily exposure, trailing 100 day as of 4/24/26. Source: TCM. Click for larger image

Tactical Q daily exposure, trailing 100 day as of 4/24/26. Source: TCM. Click for larger image

Thompson Capital Management is a registered investment adviser. Information presented is for educational purposes only. It should not be considered specific investment advice, does not take into consideration your specific situation, and does not intend to make an offer or solicitation for the sale or purchase of any securities or investment strategies. Investments involve risk and are not guaranteed. Be sure to consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.