Today’s Headline

Tech Rally Sends S&P 500 Higher for Eighth Straight Session

When I first saw that the S&P 500 was up for the eighth day in a row, I knew this wasn’t just a fluke. This kind of momentum hasn’t happened in nearly two decades. As someone who watches the market every day, I’ve learned to pay attention when tech leads the charge. That’s because tech isn’t just another sector—it’s the engine of the modern market.

In this newsletter, I’ll break down what’s fueling this rally, what it could mean for you, and how I’m thinking about my own investments right now. Whether you’re a long-term investor or just curious about the market, this one’s for you.

🧠 NFTs Are Not Dead—They're Just Getting Started (Again)

DGENZ isn't just another newsletter—it's your alpha source for spotting the next 10x NFT plays before the crowd. Whether you're a crypto-curious investor or a degen at heart, this free newsletter delivers high-conviction plays and trends that could turn a few hundred bucks into a portfolio game-changer.

What’s Behind the Rally?

The main driver? Big tech earnings. Companies like Microsoft, Meta (formerly Facebook), and Alphabet (Google) posted strong quarterly results. That gave investors confidence that, despite inflation and higher interest rates, tech giants can still grow.

Microsoft, for instance, beat both earnings and revenue expectations thanks to its booming cloud business. Meta surprised investors with strong ad revenue and daily user growth. These aren’t small wins—they’re signals that the tech sector is resilient, even in tough times.

It’s Not Just About Tech

While tech is leading, it’s not alone. Other parts of the market are contributing too. Energy stocks are holding up as oil prices stay steady. Health care and consumer discretionary stocks are also showing strength.

But let’s be clear: this rally is tech-driven. The Nasdaq, which is heavily weighted with tech stocks, is outperforming the broader market. And when tech rises, the whole S&P 500 gets a boost.

Jobs Data Also Helped

The April jobs report showed 177,000 new jobs added. That’s not too hot and not too cold. It’s the kind of number that reassures investors. It means the economy is still growing, but not so fast that the Fed will rush to hike interest rates again.

Wage growth was also modest. That eases fears about inflation spiraling out of control. For the market, this is good news. Investors like stability. And stable job growth with tame inflation is about as good as it gets.

Interest Rates Are in Focus

The Federal Reserve has been raising interest rates to fight inflation. That hurts growth stocks, especially tech, because it makes borrowing more expensive and reduces future cash flow value. But now, there’s a growing belief that the Fed might pause rate hikes soon.

That shift in thinking is a big part of why tech stocks are bouncing. Lower rates mean more future profit. And for high-growth companies, that’s a game changer.

What About Inflation?

Inflation is still higher than the Fed wants. But it’s coming down. Gas prices have stabilized. Grocery costs are easing. Rents are leveling off.

The latest Consumer Price Index (CPI) report showed inflation is slowly trending lower. It’s not fast enough to call victory, but it’s enough to keep hope alive. If this trend continues, the Fed may not need to hike rates again this year.

Can This Rally Last?

That’s the big question. Nobody knows for sure. Markets are unpredictable. But here’s what I’m looking at:

1. Earnings Season: More companies will report results in the coming weeks. If they’re strong, the rally could keep going.

2. Inflation Reports: If inflation keeps cooling, that supports the market.

3. Fed Meetings: Any hints of a rate hike pause will be welcomed by investors.

Of course, surprises can happen too—like geopolitical events or unexpected economic data. So we can’t get too comfortable.

How the S&P 500 Performed

The S&P 500 has climbed more than 4% over these eight sessions. That may not sound like a lot, but it’s a strong move for such a short period. And it’s the longest winning streak since 2004.

Even so, the index is still about 7.5% below its February high. So while things are improving, we’re not fully recovered yet. There’s still room to run—or fall back.

What I’m Doing With My Money

Personally, I’m not chasing this rally. I’m watching, waiting, and staying disciplined. Here’s my current strategy:

• Holding my tech positions. I’ve owned Microsoft and Apple for years, and I’m sticking with them.

• Adding to ETFs. I like low-cost index funds like VOO or QQQ to get broad exposure.

• Keeping some cash. I always like having some dry powder for dips.

• Watching inflation and the Fed. I want to see a clear trend before I get more aggressive.

What Should You Do?

Every investor is different, but here’s my general advice:

1. Don’t panic buy. It’s tempting to jump in when stocks are rising. But chasing gains often leads to regrets.

2. Stick to your plan. If you have a long-term strategy, stay the course. Markets go up and down.

3. Diversify. Don’t put all your money in tech, even if it’s leading the market.

4. Stay informed. Watch earnings, inflation data, and the Fed’s moves.

5. Be patient. Wealth isn’t built in a day. Let time do the heavy lifting.

What Could Go Wrong?

Let’s be real: there are still risks.

• A surprise inflation jump. That could force the Fed to raise rates again.

• Weak earnings. If companies start missing estimates, stocks could drop fast.

• Geopolitical shocks. Wars, trade disputes, or political instability can rock markets.

That’s why I always plan for both the good and the bad. I want to grow my money—but I also want to protect it.

A Look at the Bigger Picture

If you zoom out, this rally is a reminder of something important: markets are resilient. We’ve been through a lot in the past few years. A pandemic, inflation, war in Ukraine, and more. And yet, here we are—rising again.

That’s why I believe in long-term investing. It’s not about timing the market perfectly. It’s about staying in it, through the ups and downs.

Final Takeaways

The S&P 500’s eight-day win streak is impressive. But it’s not a guarantee of more gains. It’s a sign that optimism is returning. That’s encouraging—but we need to stay grounded.

Keep your eyes on the fundamentals. Watch the data. Stick to your strategy.

And remember: good investing isn’t about making big moves. It’s about making the right moves, over and over, with patience and discipline.

Thanks for reading. I’ll be here watching the markets and sharing what I see.

[Live Life Grow Wealth]

DISCLAIMER

I make no representations, warranties, or guarantees, whether expressed or implied, that the content provided is accurate, complete, or up-to-date. Past performance is not indicative nor a guarantee of future returns.

I am an individual content creator and not regulated or licensed by the Monetary Authority of Singapore (MAS) as I do not provide investment services.

All forms of investments carry risks, including the risk of losing your entire invested amount. Such activities may not be suitable for everyone. You are strongly encouraged to seek advice from a professional financial advisor if you have any doubts or concerns.