Afternoon Note
Major indices are higher and near session highs, as investors await further details on the Iran peace negotiations.

Technology (XLK) is leading today's action, with software out in front while hardware and semiconductor names also move higher. Healthcare (XLV) is the runner up and getting a boost from Eli Lilly and Company (LLY) after CVS restored coverage for their Zepbound and Foundayo obesity drug. Additionally, the sector is benefiting from favorable earnings results from Agilent Technologies (A). On the other end of the list, Financials (XLF) are lagging followed by Consumer Staples (XLP).

Quantum Update
Quantum names are seeing strong momentum. Last week, the US government announced investments into 9 players in the space.

This morning, International Business Machines Corporation (IBM) announced plans to invest approximately $10 billion into quantum computing over the next five years in an effort to achieve large scale fault tolerant quantum computers by 2029.

Economic Data
The Q1 GDP growth came in at an annualized 1.6%, up from 0.5% in Q4, but lower than the advance estimates of 2%.

New single family home sales fell 6.2% M/M in April following a 3.4% increase in March.

| Tweet |
| 5/28/2026 1:31 PM | More New Highs |
| 5/28/2026 9:47 AM | CUEING THE TRUMPETS |
| 5/27/2026 1:44 PM | Semis Cool Down |
| 5/27/2026 9:35 AM | HOUSTON, WE HAVE A PARTY |
| 5/26/2026 1:43 PM | Launched Into the Week |
| 5/26/2026 9:40 AM | THE MAGIC MARKET |
| 5/22/2026 1:38 PM | Firmly Higher |
| 5/22/2026 9:45 AM | FINAL OFFER? |
| 5/21/2026 1:43 PM | Taking a Pause |
| 5/21/2026 9:43 AM | SPACEX IS ON THE LAUNCH PAD |
| 5/20/2026 1:44 PM | Countdown to NVDA Earnings |
| 5/20/2026 9:39 AM | JENSEN'S IN THE BATTER'S BOX |
| 5/19/2026 1:33 PM | Tug-Of-War |
| 5/19/2026 9:48 AM | GONE FISHING |
| 5/18/2026 1:20 PM | Choppy Start |
| 5/18/2026 9:45 AM | HAS SOFTWARE SURVIVED? |
| 5/15/2026 1:26 PM | Record Run On Hold |
| 5/15/2026 9:26 AM | BOTTOM FISHING TIME |
| 5/14/2026 1:39 PM | Market Continues to Heat Up |
| 5/14/2026 9:33 AM | OH, NELLY! IT’S GETTING HOT IN HERE… |
| 5/13/2026 1:33 PM | Back to Record Levels |
| 5/13/2026 9:25 AM | THAT'S NOT A MUSHROOM CLOUD |
| 5/12/2026 1:20 PM | Market Takes A Break |
| 5/12/2026 9:39 AM | “HAVE-NOTS” SLUMP WHILE Al PARTY GOES FULL TILT |
| 5/11/2026 1:19 PM | Semiconductor Strength Continues |
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