Oil Ticks Up, Momentum Cools Off
Energy flipped from the market's worst sector to its best on renewed Middle East oil uncertainty, the S&P 500 closed above 7,800 for the first time, and a real rotation from momentum into value showed up directly in the sector data. This week's package: "Energy and Value" — XOP, XLE, SCHD, VTV, and VYM.
The AI Trade Comes Full Circle
Amazon topped a $3T market cap, the S&P 500 and Dow both closed at fresh record highs, and Nvidia hit an all-time high of its own — a month of AI capex doubt fully resolved itself this week. This week's package: "AI and Tech," where SKYY, IGV, SMH, XLK, and QQQ all beat the S&P 500's own strong week.
The Fed, the Fear, and the Rebound
An 800-point Wednesday selloff on the Fed's rate hold gave way to a furious rebound as Microsoft posted its biggest one-day gain on record and Amazon's earnings beat proved AI capex is paying off — while Meta's miss kept the doubt alive. Plus: grading last week's "Buy the Dip" call, and this week's "Rate-Resilient Income" package.
AI Capex Doubt Meets Mega-Cap Earnings
Tesla's worst earnings reaction on record and Alphabet's capex guidance hike sent Communication Services and Consumer Discretionary down 6% each, even as eight of eleven sectors gained. This week's package: a contrarian "Buy the Dip" read on XLC, XLY, QQQ, and ARKK.
What Moved the Market
Semiconductors fell into a bear market while bank earnings delivered one of the strongest quarters in years. What it means for QQQI, SPYI, JEPI, WEEL, PFFA, and SCHD — plus VPFF and RIZE, two new funds worth watching.