To The Moon

The stock market fluctuated wildly last week.

$NASDAQ(.IXIC)$ index fell 1.4% in the week, the fifth consecutive negative week, the longest weekly losing record since 2012, as of last Friday, half of the constituent stocks compared to the high since 2020 halved; $DJIA(.DJI)$ had its worst week since 2020, closing down 0.3%; $S&P 500(.SPX)$ closed at 4123.34, down more than 12% year-to-date and poised to climb further.

Nearly half of NASDAQ's constituent stocks have halved from their highs in 2020

The worry about Fed‘s policy and rising Treasury yields continue to challenge investors' frayed nerves. Some strategists say the S&P 500 is pulling back as it did during a bear market.

After the S&P 500's worst April since 1970, Morgan Stanley strategist Mike Wilson predicted:

The S&P 500 faces more selling, possibly down to 3,400 point.

Michael Hartnett, Bank of America's chief strategist and one of Wall Street's most accurate analysts, predicts:

The bear market in U.S. stocks will end in October with the S&P 500 reaching 3,000 (Friday's close of 4,123.34) and the NASDAQ composite reaching 10,000 (Friday's close of 12,144.66).

The prognosticator looked at 19 bear markets over the past 140 years and found that the average price decline was 37.3%, with an average duration of 289 days

Matthew Tym, head of equity derivatives trading at Cantor Fitzgerald, said:

There is a lot of uncertainty about the current economic situation, including inflation, oil prices and global macroeconomic events. I think there could be some volatility going forward, probably throughout the year.

What key data will release this week? What turbulence is in store for U.S. stocks?

Three key inflation-related reports will be released this week: The April consumer Price Index on Wednesday, the producer price index on Thursday and the University of Michigan's May consumer sentiment index on Friday.

Mark Zandi, chief economist at Moody's Analytics, expects the overall CPI to rise 0.3% this month and 8.2% from a year earlier. And if the CPI comes in line with expectations, it could bring some stability to stocks and bonds as inflation appears to have peaked by then.

At the same time, the rapid rise in 10-year Treasury yields has also raised concerns about equities, particularly growth and technology stocks.

Scott Redler, partner at T3Live.com, said Microsoft and Apple could have a big impact on trading this week.

If $Apple(AAPL)$ breaks through support around $150 ($157.28 Friday) and $Microsoft(MSFT)$ breaks through $270 ($274.73 Friday), the two stocks could push the S&P 500 below 4,000.

Talk about your thoughts on the market this week:

• What do you think of the market this week?
• What is the target point?What are you planning to do this week?

Tiger coin is ready, let's chat in the comments section!