Stocks Surge in Late April Amid Positive Developments

Stocks experienced a significant rally in late April.

Last week, the S&P 500 increased by 4.6%, while the Dow Jones rose by 2.5%. The NASDAQ saw the largest gain, soaring 6.7%, which pushed it into positive territory for the month.

Several key factors contributed to this market surge:

First, President Trump’s apparent frustrations with the Federal Reserve were somewhat tempered. Although he stated that Fed Chair Jerome Powell’s “termination can’t come quickly enough,” he also made it clear that he has “no intention” of firing Powell. This indicates that Powell will likely remain in his position until the end of his term in 2026.

Second, trade tensions between the U.S. and China have begun to ease. Trump suggested that the final tariffs on China would not reach the anticipated 145% level, adding that the U.S. will approach negotiations with a positive attitude.

This week, however, I want to focus on economic reports and the ongoing earnings season.

In this week’s edition of Market Buzz, I will discuss expectations for key economic reports, including the Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) report. Additionally, I will preview several earnings reports from companies that could significantly impact the market. Lastly, I will explore why economist Ed Yardeni believes that recent negative magazine covers may signal a bullish trend.

Anticipating a Market Buying Frenzy

Despite concerns about a potential bear market, my colleague Luke Lango from InvestorPlace predicts a buying frenzy as investors begin to reinvest their cash into stocks.

Specifically, he believes a critical catalyst could lead to what he describes as “panic buying,” unleashing much of the $7 trillion currently on the sidelines into the market around May 7.

To capitalize on this anticipated movement, Luke is promoting a select group of small-cap stocks he refers to as the “MAGA 7” (Make AI Great in America). He considers these stocks essential for investors looking to build a “nest egg” in a recovering bull market.

This Thursday, May 1, at 7 p.m. Eastern, Luke will provide critical insights during The 2025 Summer Panic Summit, including how to access information on his “MAGA 7” stocks.

Sincerely,

Louis Navellier

Editor, Market 360