The S&P 500 index has risen 2% year-to-date and closed at 5,397 on April 3. A recent survey by the American Association of Individual Investors indicated that 61.9% of respondents were bearish on the market for the week ending April 3, marking only the eighth instance since 1987 that bearish sentiment has exceeded 60%. Historically, the S&P 500 has averaged a 27% return in the year following such sentiments, suggesting a potential rise to 6,854 by next April, which represents a 13% increase from current levels of 6,040.
Amazon is projected to maintain over 40% market share in the U.S. e-commerce sector this year and continues to innovate in AI applications across its businesses. Meanwhile, CoreWeave reported impressive Q1 results with a revenue increase of 420% to $981 million and a revenue backlog of $25.9 billion, bolstered by a contract with OpenAI in March. The company has gained 285% in share price since going public less than three months ago.
