Not Your Advisor
Not Your Advisor
Swimming with Sharks🎧 #678 (May 28)
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Swimming with Sharks🎧 #678 (May 28)

S&P 500 and Nasdaq closed at record highs on softer‑than‑feared PCE details and easing Iran-related oil tensions, with AI-focused tech leading gains.

  • Early oil strength tied to US‑Iran tensions and Strait of Hormuz risks faded after reports of a US‑Iran agreement to extend a 60‑day ceasefire, pending President Trump’s approval, leading crude (@CL) to pare gains and supporting risk appetite

  • Technology outperformed on AI momentum, with Snowflake (SNOW) jumping after strong earnings, raised guidance, and a $6 billion multiyear AWS compute partnership to support AI workloads

  • Dell Technologies DELL 0.00%↑ climbed into the close and then extended gains after reporting an AI-driven earnings beat, with EPS of $4.86 versus roughly $3.00 expected, finishing near record highs


  • Consumer discretionary, consumer staples, and communication services sectors outperformed alongside broad small-cap tech participation and earlier strength in drone-related names on potential funding signals

  • Energy stocks lagged as the pullback in oil prices following the ceasefire headlines weighed on the sector


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Daily Stock Markets covered in under 15 min. No ads. No partisan politics! Easy to follow for your morning coffee, dog walk or commute

Full Episode: 7 min

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