🟢 05.25 - 05.29 | M-Point Weekly Recap🔎
AI pushed U.S. equities to fresh highs again.
Now payrolls are up next: will rates continue to cooperate?
1/ Last Week’s Recap
· Market: The S&P 500 advanced for a ninth consecutive week, while the Nasdaq led with a 2.4% weekly gain; oil prices cooled and the VIX fell to 15.32.
· Logic: The key story was “AI delivery cooling oil prices.”
PCE remained somewhat hot, but
$DELL.M ,
$NTAP.M , and
$NOW.M continued extending the AI trade from servers and storage into enterprise software.
· Signal: Indexes continued making new highs, but leadership remained concentrated in AI.
The market isn't buying everything. It’s rewarding companies that can deliver real orders and revenue growth.
2/ This Week’s Watchlist
· Nonfarm Payrolls: The most important event of the week.
Markets will focus on employment, unemployment, and wage growth to see whether rate pressure could reaccelerate.
· PMI & JOLTS: Watch for signs of cooling business activity and labor demand. The risk remains a market facing “sticky prices but slowing growth.”
· AI Earnings:
$AVGO.M and
$CRWD.M take the baton, testing whether spending on custom chips, networking, and cybersecurity can continue to justify the AI narrative.
3/ Strategy & Focus
· Red Lines: 4.45% on the 10-year Treasury yield and $90 WTI crude. If both break higher, high-valuation AI assets could face renewed pressure.
· Main Theme: The AI trade is expanding beyond GPUs into servers, storage, and enterprise software.
Whether the rally can continue depends in part on whether payroll data avoids reigniting rate concerns.
#MSX #OnChain #USStocks #AI #MarketWeekly