Eye-watering tech gains show rally's strength
May 09, 2025•9 min•Ep. 44
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Episode description
Stocks extended their rebound from April 7 lows, taking the S&P 500 up 14.4% since then. The US tariff deal with Britain is pleasing investors, who want a China deal settled also. On that optimism it's likely the rally could continue. Adding to that, Nasdaq-100 listed companies have increased earnings by an unexpected 22.6% so far this reporting season. And we can see not only a spike in commodities, but Bitcoin has crossed over US$100,000, gaining 7.2% overnight.
Securities mentioned include Palantir, iShares Bitcoin Trust, Tesla, GraniteShares 2x Long PLTR Daily ETF, Woodside Energy Group, BHP, Rio Tinto, Macquarie Group
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