So let's dig into the 10 Things You Need to Know About Markets Right Now.<\/p>\n
1. We're Back Baby, Maybe…<\/h2>\n
Stocks went into a tailspin on April 2, President Trump's “Liberation Day.”<\/p>\n
Well, we sure were liberated from our profits with the SPY going into full bear-market territory.<\/p>\n
But what a difference a month makes because we are back above the April 2 close:<\/p>\n
And we've seen crazy rallies in leading growth stocks like Palantir<\/strong> (PLTR), Applovin<\/strong> (APP), DoorDash (DASH), and many others.<\/p>\n So we're back.<\/p>\n But can it last? One key may be the fact that:<\/p>\n You know who's still bearish? Just about everybody.<\/p>\n The AAII Sentiment Survey still shows massive bearishness, even with SPY gaining over 17% from the April 7 low.<\/p>\n The blue bars in this chart show the spread between bulls and bears.<\/p>\n When it's below 0%, bears outnumber bulls – and that's been the case for months now:<\/p>\n I've said it once so I'll say it again: This embedded negativity is the best argument for an extended rebound.<\/p>\n And if we get a real deal with China, watch out because the bears may rush off the sidelines fast.<\/p>\n The big news next week is the FOMC Rate Decision Wednesday.<\/p>\n The Fed is not expected to cut rates, so traders will mostly be looking for signals as to what's coming down the pike.<\/p>\n For now it's tricky to gauge the Fed because economic data is pretty mixed.<\/p>\n Inflation is coming down, but still elevated on an absolute basis.<\/p>\n This week's GDP report was weak, but other data (like Friday's nonfarm payrolls numbers) point to strength.<\/p>\n So instead of offering real analysis on what the Fed can do… I'll just say good luck.<\/p>\n Palantir is the #1 SPX\/SPY\/QQQ<\/strong> stock of 2025 with a blistering 61% gain.<\/p>\n And it reports Q1 earnings after the close Monday.<\/p>\n Fun fact: Palantir has rallied over 20% the day after earnings in 6 of the past 8 quarters.<\/p>\n Look at the column on the right – the post-earnings gains have been shocking:<\/p>\n Speaking of Earnings…<\/p>\n According to FactSet<\/a><\/strong><\/span>, 73% of S&P 500 companies have beaten earnings estimates.<\/p>\n And EPS growth is tracking at 10.1%, better than the 7.2% expected, thanks to larger-than-expected earnings surprises.<\/p>\n We've seen many companies including General Motors<\/strong> (GM) and United Parcel Service<\/strong> (UPS) pull guidance… but who was surprised by that?<\/p>\n It seems like 10 years ago that NVIDIA<\/strong> (NVDA) announced its $5.5 billion charge from restrictions on exports of the H20 AI chip to China.<\/p>\n But it was 12 days ago.<\/p>\n And wouldn't you know it? NVIDIA has round-tripped the whole decline:<\/p>\n![\"\"](\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-02-at-11.22.13-AM.png\")
<\/a><\/p>\n2. Big Hate Is Still Big Money<\/strong><\/h2>\n
<\/a><\/p>\n3. The Fed Is Dead Ahead<\/strong><\/h2>\n
4. The Powerful Palantir Reports Monday
\n<\/strong><\/h2>\n<\/a><\/p>\n5. Earnings Season Has Been Pretty Good<\/h2>\n
6. NVIDIA (NVDA) Is Back to Superstar Status<\/strong><\/h2>\n
<\/a><\/p>\n7. Gold Is Melting Down<\/h2>\n