Happy Friday and great work on surviving another week! Today was an incredible end to a fantastic rally:
- The S&P 500 is up, $VOO (-0,55%)
The Dow is up, $SCHD
The Nasdaq 100 is up, $QQQ
Furthermore, USA jobs data came in stronger than expected, and American investors are continuing to be bullish in the country. European investors, however, have withdrawn their capital from the US and are hesitant to come back.
Meanwhile, European defense companies continue to rally as the EU is starting its defense industrial complex.
Its been a good day for the Magnificent Seven, except... $AAPL (-0,4%) . This is due to $SPOT (+0,04%) 's successful lawsuit against the tech giant's monopolistic store practices.
I am discussing all of this and more in my May 2nd market update video. Have a great weekend!