Morning Market Notes 05-01-26

Market Calendar

$SPX & $QQQ

First trading day of May after a brutal stretch — Mag7 earnings into FOMC into Q1 GDP. Now we coil. SPY +0.35%, QQQ +0.11%, and the Dow doing the heavy lifting at +0.41%. Tech taking a backseat for once and the Dow finally getting some rotation flow.

Sell in May and go away used to be a theme in the markets. Nowadays, all it needs is a tweet.

Let's have a sesh.

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