Stock Market Weekly update -May 31
We made it to the 9th week up in the S&P500, and again all market indices (including the Semis), closed at weekly all time highs! So don’t sell in May & go away!! NVDA pulled back for a 2nd week after reporting great earnings. SNOW popped on earnings. DELL rocketed higher on earnings. MU & SNDK had another great week. Software stocks rallied. Bitcoin & Eth pulled back for a 3rd week, OIL dropped below $90. Same data as before: Stocks are up, Rates are up, Oil is high (but dropping), Inflation is up, and Consumer sentiment is at all time lows (lowest in history)! Stocks close at record highs with tech leading the way again. Dell Soars Most Since 2018 on Outlook Fueled by AI Servers April PCE Report: Inflation Index Up 3.8% as Price Pressures Build The week ahead: Monthly JOBS report 8th week of Earnings - winding down now… Schwab Weekly Trader's Outlook Edward Jones recap The 10 year Interest rate - pulled back aga...