Stock Market Weekly update -May 24

 We made it to the 8th week up in the S&P500, as all market indices closed at weekly all time highs on Friday! AAPL & CSCO hit all time highs again, along with the Semis (SMH). NVDA surprisingly pulled back after reporting great earnings. WMT pulled back on earnings, while GOOGL was also down for the week. Cybersecurity stocks popped again. Quantum stocks popped! Bitcoin & Eth pulled back for a 2nd week,

Same data as last week: Stocks are up, Rates are up, Oil is high, Inflation is up, while Consumer sentiment hit another all time low (lowest in history)! Just saying…

Markets are closed on Monday. The new Fed Chairman was sworn in last week.


Dow adds nearly 300 points Friday for new record close; S&P 500 notches eighth winning week

Dow hits first intraday record high since February

Americans are ‘entrenched’ in financial stress amid debt and price pressures 



5/17: Interest rates have been rising this year, al;ong with stocks! 



The week ahead:   PCE, GDP, 

7th week of Earnings - winding down now…

Schwab Weekly Trader's Outlook  

Edward Jones recap


The 10 year Interest rate - pulled back to 4.56%

The Dollar - flat around 99.32

Gold - dropped a bit again to $4509 

Oil - dropped to $96.99

Bitcoin  - dropped again to around 75k

National debt  $39.2T 

 

New all time Highs:  AAPL, AMD, ARM, ASML, MRVL, NVTS, AXTI, PANW, CRWD, FTNT, DDOG, BE, BMO, RY, BNY, GS, MS, HPE, DELL, DAL, ROST, and more…

 -ALL time Lows:   

Pops & Drops/5 day movers:,   Pops:  ARM, NVTS, RGTI, QBTS,   Drops:,, 

Earnings movers:  Pops: DELL, ROST,    -Drops:  WMT, INTU

% of S&P 500 stocks above the 50 day MA:  up from 44% to 57%


This week

Mon

Tue

Wed

Thu

Fri

Earnings


AZO, ZS

MRVL, CRM, SNOW, BMO, ANF, DKS, 

COST, BBY, DELL, DLTR, MDB, OKTA, TD, RY


Events




PCE, GDP

PMI


The indexes:  ‘Weekly rally’ momentum in the SPX continues…


SPX  SPY  -  8th week up…






What's moving the DOW over the past month (30 day heat map)



Stocks last week - …In spite of the big rally, NVDA & GOOGL were down,



Sectors last week  -




Market concerns:   Inflation? Debt?  War, anything…?

Options watch:   High IV (Implied Volatility) stocks -link   

High Options volume:  

ETFs

SPY, QQQ, IWM, SMH, VIX -also SPX index

Stocks

Mag7 & others   (most active link, or here)



More charts:    


The University of Michigan’s Consumer Sentiment Index plunged to a record low of 44.8 



AXTI -riding the Semi wave!



NVTS -riding the Semi wave!



Japan’s Interest Rates!




Blue Owl -trouble in Private Capital?

Private credit defaults hit record high as interest rates soar




5/17: The S&P 500 is at an all-time high while Consumer Sentiment is at an all-time low.




5/17: HERE ARE THE TOP 15 PERFORMERS OF 2026









S&P 500 Total Percent Returns calendar  


Name


Feb 2025

04/27

06/30

01/04/26

03/01

Solana

SOL

192.00

149.30

149.60

134.50

84.00

Chainlink

LINK

18.35

14.48

13.28

13.40

8.80

Uniswap

UNI

9.60

5.57

6.98

5.90

3.75

SUI

SUI

3.45

3.55

2.77

1.70

0.90

ONDO

ONDO

1.32

0.95

0.75

0.44

0.26

Avalanche

AVAX

-

-

-

14.00

9.00

Feb 2025:   5 Cryptos to watch in 2025, 2026

10/12/25:   Added AVAX, 11/23 This recent dip may be a good opportunity to buy/add

02/15/26: Buy the dips here?


Links...



Top sites


Stocks/News:

Stocks and earnings surge, and Iran deal may be imminent: What to watch this week

Quantum stocks soar as U.S. plans $2 billion funding incentives and equity stakes

D-Wave Quantum and Department of Commerce Sign Letter of Intent for $100 Million in CHIPS and Science Act Funding to Accelerate U.S. Leadership in Quantum Computing

⚡ The AI POWER buildout is real. Here's the FULL stack:

Nvidia says its forecast for $200 billion CPU market includes China

Nvidia Just Raised Its Dividend by 2,400%. Is the AI Growth Stock a No-Brainer Buy Before the End of May?

CoreWeave Scores Big With Meta — We See 66% Upside

Lumentum (LITE) Joins Nasdaq-100 Index

High gas prices, cost of living send US consumer sentiment to all-time low

52 WEEK LOWS: META, MA, HD, LOW, MCD, ADBE, CRM, SHOP, NOW, NKE, CMG


Crypto/Blockchain: 

  -Global Market Cap: Holding up around  $2.8 Trilllion   Current Crypto prices

Ethereum leads $65 billion RWA race as blockchains compete for institutional tokenization flows

Vitalik Buterin says Ethereum Foundation will be a 'smaller ship,' sell less ETH amid researcher exodus

Money should move as freely as messages. Today, Sui delivered with gasless stablecoin transfers.

Securitize posts record Q1 revenue, $3.4 billion in tokenized assets under management

RWA Tokenization Map


05/17 Top RWA Protocols YTD Performance:


Archives ..pre 2020

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