The S&P 500 continues to trade near all-time highs after Big Tech delivered solid Q1 2026 results. Here are the three key things investors should watch right now:
- Nvidia Earnings on May 20 The market is waiting for Nvidia’s Q1 FY2027 report. Strong guidance could fuel another leg higher in the entire semiconductor and AI sector.
- Sector Rotation Continues Money is rotating from pure growth/tech into financials, energy and industrials. This is a classic sign of a healthy bull market broadening out.
- Interest Rate Path With inflation cooling, the Fed is still expected to cut rates later in 2026. Lower rates would support valuations across the board.
Bottom Line: The long-term uptrend remains intact. Short-term pullbacks are normal and often create good entry points for long-term investors.
Current Technical Picture
