The Market Is Speaking. Here's What It's Saying.

Last week was one of the biggest weeks of the year for the stock market. Between major company earnings reports, the Federal Reserve weighing in on interest rates, and fresh data on the overall economy, there was a lot happening at once. The short version: the market liked what it heard.

Stocks pushed to new record highs, erasing losses from earlier in the year. The companies that have reported earnings so far have largely come in stronger than expected, and the Fed struck a tone that felt more reassuring than alarming. Confidence is doing a lot of the heavy lifting right now, and the technical gauges I watch remain firmly in place.

That said, when markets run this strong, a modest pullback is normal. Not a crisis. Just the market pausing before its next move. The key levels to watch are support at 7,058 on the S&P 500 and resistance around 7,300.

Ramie and the team remain fully invested and steady.

— Ramie Khalil, Fortress Financial Market Update, May 4, 2026