May 8 Update

Strong job report. +115,000 vs. 65,000 expected

Unemployment rate 4.3% unchanged from March

Individual investors bought +$1.1 billion of tech hardware stocks in the week ending May 6th, the 2nd-largest weekly purchase on record.

This means that 67% of last quarter's economic growth was driven by AI.

GOOG/Alphabet, Nvidia, Amazon, Apple, Broadcom have driven half of the S&P 500 12% since April 1. 

Happy Mother’s Day!