Wednesday: Key Market Test
The S&P index keeps pushing to new ATHs, hitting 7,176 points today. That puts performance at over +4% YTD and an impressive +30% over the past twelve months.
The current rally is once again being driven by big tech. Leading the charge is NVIDIA, which also reached a fresh ATH today and is now the only company with a market cap above $5 trillion.
This Wednesday will be a key moment, with four of the Mag 7 reporting their latest earnings: Microsoft, Amazon, Alphabet, and Meta. It’s shaping up to be an exciting day and a crucial test for how sustainable this rally really is.
What’s your main focus going into Wednesday? For me, it’s $GOOGL, especially since it’s part of Berkshire, which I hold in my portfolio.