The market is starting to strengthen?!

Over the past ten years, the S&P 500's rebound has ranked fourth in the rebound list, second only to three sharp increases since the outbreak of the epidemic in 2020.

From research lead @TopDownCharts的消息称, the market tends to mark a stronger start.

History is the best explanation for what will happen, except in 2008/1974.

As of last Friday, $S&P 500 Index (.SPX.US)$ , $Dow Jones Industrial Average (.DJI.US)$ see positive earnings, and $Nasdaq Composite Index (.IXIC.US)$ See 1.65% decline. $S&P/ASX 200 (.XJO.AU)$ und $FTSE Singapore Straits Time Index (.STI.SG)$ See also a 2-3% drop.

Sectoral S&P 500 Weekly Chart:

Councillors Cyclical, Technology, and Energy were the industries that saw the biggest gains last week.

Sectoral S& P500 Index Monthly Index:

$Dollar Tree (DLTR.US)$ , $Ulta Beauty (ULTA.US)$ , $Dollar General (DG.US)$ , $Ross Stores (ROST.US)$ , $DXC Technology (DXC.US)$ , $Schlumberger (SLB.US)$ , $Diamondback Energy (FANG.US)$ , $Best Buy (BBY.US)$ , $AutoZone (AZO.US)$ , $Generac (GNRC.US)$

Macro factors are concentrated:

GDP is slightly worse: The latest GDP data released by the government on Thursday showed that the economy contracted at an annual rate of 1.5% instead of the 1.4% initially estimated. Weaker private inventories and household investments have triggered a downward correction.

The Federal Reserve's inflationary urgency: The recent Federal Reserve meeting showed that policymakers are open to the possibility of raising interest rates by 0.5 percentage points at the next two meetings.

Inflation is moderate: Inflation moderated in April, although it is still close to its highest level in 40 years. The personal consumption expenditure price index rose 6.3% at an annual rate, down from 6.6% in March; excluding frequently fluctuating food and gas prices, the growth rate in April was 4.9%.

Revenue scorecard: According to FactSet's recently concluded earnings season data, the average earnings of S&P 500 companies increased 9% over the same period last year. This result marks the slowest growth rate since the fourth quarter of 2020. Energy was the strongest performer in all 11 industries, with profit growth of 268%.

Other markets:

Rude Awakening: The US crude oil price $Light Crude Oil - main 2206 (ClMain) $ continued to rise after briefly falling below $100 per barrel on May 10. On Friday, the price of oil was around $115 per barrel. However, this is still below the $123 level that oil prices reached on March 8.

Gold consumption cooled down: Last week, gold $Gold - main 2206 (GCmain) $ closed for the third week in a row. Weak US economic data and hawkish signals related to the Federal Reserve hit the US dollar hard, thus driving the gold p rice a little higher. However, with the rise in gold prices in March and another lock-up incident in China, gold and jewelry consumption was greatly impacted, driving the overall decline in consumption in the first quarter.

Bitcoin is facing a “May darling low”: data from the on-chain monitoring resource Coinglass confirms that Bitcoin will set a new 9-week decline record, and the BTC price will drop 22% in May. This would make May 2022 the second-worst May in Bitcoin history.

Next week: May 30 to June 3rd