Last week was another magic week for Nvidia (NVDA) cracking the $950 level and dragging the market along for the ride. Powell’s testimony in the House looked to be received pretty positively by the markets and additionally, the Non-Farm Payrolls came out with a huge beat. All this led the S&P 500 ($SPX) (SPY) to finish the week down around a 0.2%.
This week we have Day Light Savings starting in the US and the Futures contracts are going to Roll to the June contract (for quarterly contracts). We also have plenty of inflation data coming in and Friday is a quarterly expiration for equities options.
