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U.S. STOCKS LOOK UNSTOPPABLE NOW.
S&P 500 and Nasdaq open at fresh all time highs, extending April's historic rally into May.
Nasdaq hit 27,597, up 15.64% in April alone and 65% over the last 13 months.
S&P 500 hit 7,244, up 10.42% in April and 49% over the same period.
The Dow added 7.14% and the Russell 2000 surged 12.16% in April.
S&P 500 posted its highest monthly close since November 2020.
Nasdaq posted its best month since April 2020. All four major indices are now at or near all time highs.
This happened while oil is above $105, inflation is above 3%, the Fed held rates in its most divided vote since 1992, and the Iran war has no end in sight.
Earnings carried the market. Alphabet jumped 10% on record cloud growth. Caterpillar surged 10%. Qualcomm jumped 16%.
The market is telling you one thing. Corporate America is making money and that is all that matters right now.
$GOOGL
{future}(GOOGLUSDT)
$TSLA
{future}(TSLAUSDT)
$GOOGLon
{alpha}(560x091fc7778e6932d4009b087b191d1ee3bac5729a)