S&P 500 had best week since early Nov 2023, +2.7% after 3 weeks of losses, as corporate earnings generally surprised to upside; Dividend Aristocrats was only S&P 500-related strategy to close week in red, -0.1%, while Tech took home trophy, +5.1% ⁦@SPDJIndices⁩ pic.twitter.com/rZBdI2x2Fp

This week’s #markets were supposed to be mainly about earnings, with macro taking more of a back seat ahead of next week’s US #jobs data, the #FederalReserve meeting, #China’s PMI, etc (more on this in the weekly look ahead that I will post later). Earnings did have a notable… pic.twitter.com/8lYAakVct5

366 stocks in the S&P 500 higher today. Nearly 70% of NYSE higher today. Small caps outperformed again. That second half of April strength is playing out once again. pic.twitter.com/S8Dfm0JErh

MORGAN STANLEY: “.. We've seen a strong aggregate earnings surprise thus far during reporting season (9% for the S&P 500; highest since 2021). Price reactions have been more muted .. fits with our view that the market continues to be discerning when it comes to operational… pic.twitter.com/sdpgxipzBs