Stock Market Weekly update -May 10
We got a 6th week up, and the 4th week of all time highs! Not only are we getting higher weekly closes, but the moves are huge. ‘Semis’ are mostly driving the market higher, with close to a 60% move up from the March lows, driving the Nasdaq up around 25% in 6 weeks. INTC is up almost 200%, AMD & MU are up over 100%. AAPL moved to a new all time high. MCD continued its weekly drop, helping to put pressure on the DOW. Bitcoin was up for yet another week, crossing the 80,000 level. The monthl;y Jobs numbers came in better than expected, while Consumer Sentiment declined to a record low. S&P 500 closes at another record, notches longest weekly winning streak since 2024 Alphabet’s 160% rally in a year reflects value of owning ‘most of the stack’ in AI The week ahead: CPI & PPI 5th week of Earnings - Schwab Weekly Trader's Outlook Edward Jones recap The 10 year Interest rate - up slightly to 4.37% The Dollar - down slightly to...