Analyst Commentary:

• The S&P 500 rose 1.43% last week, bringing its total gain for the month of May to 5%, reflecting continued strength in domestic equities.

• The S&P 500 has gained for nine straight weeks—an event seen only 11 times historically (just the 2nd in the past 20 years). Other periods where the market gained 15% over the prior two months averaged a ~17% one-year forward return.

• Technology has climbed to the top of our sector rankings over the past week, driven by semiconductor leadership, with multiple other subgroup representatives also exhibiting sustained long-term strength against the broader market.

• Micron Technology reached $1 Trillion in market capitalization just 48 days after surpassing $500 billion, marking the fastest rise of any company as investor enthusiasm for AI-driven stocks continues to surge.

• If yields remain on the rise, energy stands out as an area positioned to benefit, as it exhibits the highest positive sensitivity to increases in the 30Y treasury yield. The group currently sits in overweight territory at second in our sector rankings.

Nasdaq Dorsey Wright’s Weekly Featured Chart:

 To read more on Information Technology, you can read Tuesday's featured article HERE.

Major US Index Technical Review:

A summary of the performance of major indices, in addition to their Point & Figure information. 

The Group Score Minute:

Senior Equity Specialist Steve Raymond dives into the latest trends and changes within our Asset Class Group Scores. To listen now, click HERE.

Nasdaq Dorsey Wright Products:

The Invesco Dorsey Wright Momentum ETF (PDP) seeks to provide exposure to U.S. equities that exhibit strong relative strength and momentum characteristics. The Fund is based on the Dorsey Wright® Technical Leaders Index, which uses a systematic, rules‑based methodology designed to identify securities demonstrating powerful price momentum relative to their peers. PDP is rebalanced periodically to reflect changing leadership trends, aiming to keep the portfolio aligned with areas of the market exhibiting the strongest momentum. To learn more about PDP, Click HERE.

Want More? Don't Miss Out on Our Podcasts!

This week, Ian Saunders and Trevor Plesko discussed the backyard bullish percent, broad market updates, signals at extremes, semiconductor stocks outperforming within technology, and earnings. To listen now, click HERE or on the image below. 

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