To The Moon

1. Major Indexes Returns The major U.S. stock indexes traded in a narrow range for the third week in a row and the $S&P 500(.SPX)$, the $NASDAQ(.IXIC)$, and the $DJIA(.DJI)$ each finished with a fractional decline. Since the start of April, the gap between the S&P 500’s highest daily closing level and its lowest close has been a mere 1.6%. The $Cboe Volatility Index(VIX)$ that measures investors’ expectations of short-term U.S. stock market volatility fell for the 5 week in a row. As of last Friday, the$Straits Times Index(STI.SI)$ gained 0.58% last week and$S&P/ASX 200(XJO.AU)$ lost 0.42% weekly. 2. Sectors and Stocks of $S&P 500(.SPX)$ Last week, Basic Materials, Energy, and Communication Services three sectors dropped over 2%, and Consumer Defensive, Real Estate sectors gain over 1.5%. The top 10 winners of$S&P 500(.SPX)$ are $Intuitive Surgical(ISRG)$ , $Snap-on(SNA)$ , $First Republic Bank(FRC)$ , $D.R. Horton(DHI)$ , $Las Vegas Sands(LVS)$ , $Digital Realty Trust Inc(DLR)$ , $Abbott Laboratories(ABT)$ , $Enphase Energy(ENPH)$ , $DexCom(DXCM)$ , $United Continental(UAL)$ 3. Other Assets Bitcoin pullback:After eclipsing $30,000 the previous week, the price of Bitcoin dropped to nearly $27,000 on Friday. The YTD 2023 of Bitcoin is 76.4%. Dollar weakens: $USD Index(USDindex.FOREX)$ as the world's largest economy is likely headed toward recession, further supporting the view that the Fed could pause in June after another expected rate hike in May. Gold tends consolidation: Stronger dollar sends gold $Gold - main 2306(GCmain)$ lower ahead of US Q1 GDP and major US tech earnings. With a lack of clear bearish drivers for gold, prices may favor a period of consolidation before the next major catalyst – potentially US GDP Oil reversal: The price of U.S. crude oil $WTI Crude Oil - main 2306(CLmain)$ fell more than 5% for the week to less than $78 per barrel. The decline marked a reversal from recent weeks’ gains and left oil prices around their levels of a month earlier, when an announcement of production cuts by Saudi Arabia and other countries sent prices higher. And the YTD in 2023 is -1.4%. 4. Macro Factors Earnings scorecard:After the second week of earnings season, the proportion of $S&P 500(.SPX)$ companies that had beaten analysts’ quarterly net income expectations stood at 76% as of Friday, according to FactSet. That so-called beat rate ranks slightly below the 77% five-year average. Across sectors, consumer discretionary and industrials stocks are expected to report the strongest earnings growth overall. Home price decline: For the first time in 11 years, prices of existing U.S. homes have fallen for two months in a row. The National Association of Realtors said that the median existing home sale price in March fell 0.9% from a year earlier to $375,000. Debt ceiling showdown: The latest round of partisan brinkmanship in Washington, D.C., over the nation’s debt ceiling fueled anxiety for investors. House Republicans on Wednesday introduced a bill that would cut federal spending in exchange for lifting the ceiling for one year. Meanwhile, the government continued to take special accounting measures to meet debt obligations and prevent a potential default. Q1 GDP a modest slowdown?US Q1 GDP is scheduled to release its initial estimate, with most economists expecting that GDP expanded at an annual rate of around 2.0%. That would mark a modest slowdown from the fourth quarter of last year, when GDP growth was 2.6%. What’s coming up this week: big tech earnings, first-quarter GDP figures, PCE prices, and housing market updates. 5. The week ahead: April 24-28 This week, some of the largest companies in the world will report earnings, including big tech companies $Apple(AAPL)$ , $Amazon.com(AMZN)$ , Google parent $Alphabet(GOOG)$ , $Microsoft(MSFT)$ and $Meta Platforms, Inc.(META)$. Key events the coming week: Monday No major reports scheduled Tuesday S&P/Case-Shiller 20-City Composite Home Price Index Consumer Confidence Index, The Conference Board New home sales, U.S. Census Bureau Wednesday Durable goods orders, U.S. Census Bureau Thursday First-quarter GDP, advance estimate, U.S. Bureau of Economic Analysis Weekly unemployment claims, U.S. Department of Labor Pending home sales, National Association of Realtors Friday Personal Consumption Expenditures Price Index, U.S. Bureau of Economic Analysis University of Michigan Index of Consumer Sentiment Personal income and spending, U.S. Bureau of Economic Analysis How is your trading plan in this week？ Any special focus？ Please share with Tigers Every valid comment will receive 5 tiger coins