State Street SPDR S&P 500 ETF Trust

SPY

Market cap $782B

The holiday-shortened week was fueled by AI optimism, easing oil prices, and ongoing developments between the U.S. and Iran.

Even stocks in the beleaguered software industry have been on fire.

Michael Burry thinks the stock market may finally be approaching the moment he's been warning about. Earlier this month, writing on his Substack, Cassandra Unchained, the famed investor behind ‘The Big Short,' declared that “the market has jumped the shark” and suggested history was beginning to rhyme with previous market peaks.

Let me take you back to April 2001 for a second. Because that year brought a key turning point for income investors.

Today's economic calendar for Friday closes out the short week with a lighter slate of economic releases but plenty of Federal Reserve commentary. The morning begins with Advance Goods Trade Balance, Imports, Exports, Wholesale Inventories, and Retail Inventories at 8:30AM ET, followed by Chicago PMI at 9:45AM ET. While the data calendar is lighter than earlier in the week, traders will still be watching for signs of economic strength, inventory trends, and manufacturing activity.

Analysts are getting a much better idea of what 2026 S&P 500 profit will look like. And it's a whole lot brighter for some companies.

As the S&P 500 soars even higher by the end of the decade, gold will be going along for the ride, says Yardeni Research.

The S&P 500 and the Nasdaq notched more record highs Thursday on U.S.-Iran deal hopes. Tesla and First Solar are in or near buy zones.

The S&P 500 and a related fund, the SPDR S&P 500 ETF (NYSEARCA:SPY | SPY Price Prediction), have vaulted 28% over the past year, the household ledger sitting beneath that rally on Wall Street tells a far more unsettling story.

A Redditor posted a screenshot to r/wallstreetbets last week with the title “Boring $4,000,000 gain with triple-leveraged SPXL.