Dell up 38% in a week. Micron up 21%. SanDisk up 15%. Nasdaq hits new highs to close out May and Goldman Sachs raises their year-end S&P target to 8,000.
Mike and Jamal break down the full week: what drove memory and storage stocks to historic moves, why software names like Snowflake and Salesforce keep getting left behind, and what a hot PCE print alongside falling crude oil and ceasefire headlines actually means for the market going into June.
Week ahead: ISM, JOLTS, ADP, the jobs report, then the new Fed chair's first meeting on June 16-17. A lot coming.
Helpful links:
tastylive:
tastylive.com
Get Tom's pre-market analysis every morning:
tastylive.com/newsletters
FREE Options Strategy Guide:
tinyurl.com/bp9ms763
Follow tastylive on X:
x.com/tastyliveshow
CHAPTERS:
0:00 Market Open Update
0:45 Stocks Hit New Highs
1:35 Is This Like 2000?
2:42 Macro: PCE and Crude Oil
4:32 Weekly Index Performance
5:05 Big Movers This Week
5:50 Monthly Sector Breakdow...