May 11 Update

Historic rally continued last week. 

The major averages finished the week at all-time highs. 

Since the low of late March:

Major averages are up 5 consecutive weeks.

S&P 500 +17%

Nasdaq Composite +27%

Russell 2000 + 19%

Middle East is still high tension.

The AI bubble is much more influential than Middle East

This week some big things:

President Trump is going to China

CPI – will have higher oil prices.

Monthly option expiration on Friday.  $2 trillion of notional value is involved.  Could be market moving regardless of whatever the headlines are.