The S&P 500 rose +0.02%, the Nasdaq gained +0.1%, and the Dow climbed +0.4%, with all three indexes hitting new highs. Falling oil prices fueled optimism across the board, even as talks on a potential U.S.-Iran deal over the Strait of Hormuz were rejected by Washington. Today, all eyes are on the PCE inflation report — the Fed’s preferred price gauge — along with GDP data and weekly jobless claims. 📌

The market keeps pushing to new highs, powered by cheaper oil and excitement around AI. Goldman Sachs raised its year-end S&P 500 price target to 8,000 points, implying a 17% annual return driven largely by AI-related trading. Meanwhile, durable goods orders (big-ticket items like appliances and machinery) surged 7.9% in April — far above the 4.0% forecast — signaling strong industrial demand. But there are cracks beneath the surface. First-quarter GDP came in at just 1.6%, well below the 2.0% expected, showing the economy is slowing. Weekly jobless claims rose to 215,000, slightly above forecasts. And JPMorgan CEO Jamie Dimon compared today’s optimism to 1972 and 2007 — years that preceded painful downturns. For your portfolio, this means the rally is real but built on a foundation that deserves watching, especially if inflation data or job numbers start moving the wrong way. TrendMind.AI 📖

the Federal Reserve’s preferred way to measure inflation by tracking how much consumers spend on goods and services each month. Why you care today: The monthly Core PCE came in at 0.2%, below the expected 0.3%, suggesting inflation pressures may be easing — which could delay further interest rate hikes by the Fed and support stock prices. 💼