The Wall Street Fear and Greed Index has surged to levels not seen since October 2024, reaching a reading around 70 to 74, indicating a strong market sentiment of greed. This shift follows a rapid decline in the CBOE Volatility Index (VIX), which dropped 28% over five days from 25.66 on May 7 to 17.65 by May 13, marking the fastest decrease in volatility on record. The swift move from extreme fear to greed has been noted as faster than the recovery seen after the Covid crash, with the S&P 500 erasing year-to-date losses within 25 trading days. Bitcoin's Fear and Greed Index similarly reflects this bullish sentiment, hovering around 70 to 73, with Bitcoin prices fluctuating above $102,000 and reaching as high as $104,718 during this period. Market analysts and sources such as MarketWatch and Bespoke have highlighted the unprecedented speed of this transition, raising questions about the future trajectory of stocks amid this rapid sentiment shift. The decline in volatility and rise in greed indices come after initial market turbulence linked to President Donald Trump's extensive tariff policies has begun to subside.