S&P 500, Nasdaq Set Records As Gold Rockets Past $4,000

Market Overview - Stocks showed a strong start, recovering from Oracle's recent performance that interrupted the S&P 500's seven-day winning streak and raised concerns about the sustainability of the AI boom [1][2] - Nvidia's shares increased by 2% following CEO Jensen Huang's announcement of a significant rise in computing demand over the past six months, which helped mitigate Oracle's warnings about thin margins in its cloud business [2] - The Dow remained unchanged, while the S&P 500 and Nasdaq reached new record highs, supported by ongoing short-squeeze activity [3] Commodity Performance - Gold surged past $4,000, achieving a record high and a year-to-date gain exceeding 55%, marking its best performance in over 50 years, significantly outperforming the S&P 500's 15% increase [4] - Bitcoin rebounded towards $124,000, and silver rose by 2.7%, approaching the $50 milestone, indicating potential for silver to gain attention next [4] Trend Tracking Indexes (TTIs) - The S&P 500 and Nasdaq achieved all-time highs, while the Dow finished flat, reflecting a bullish market sentiment [7] - Domestic TTI closed at +7.41% above its moving average, with a "Buy" signal effective from May 20, 2025, while the International TTI ended at +11.98% above its moving average, with a "Buy" signal effective from May 8, 2025 [8]