Investment Review №344. A Commitment to Techno-Optimism
A Bet on Techno-Optimism
The stock market rally is losing steam—investors are once again focusing on AI narratives
S&P 500 Index as of May 4, 2026
| Ticker | Asset | Change over the week | Change over the month |
| SPY | S&P 500 | 0,94% | 10,81% |
| QQQ | NASDAQ100 | 1,55% | 16,80% |
| DIA | Dow Jones Industrial 30 | 0,57% | 6,87% |
| UUP | U.S. Dollar | -0,25% | -1,33% |
| FXE | Euro | -0,06% | 1,33% |
| XLF | Financials | 0,97% | 5,17% |
| XLE | Energy | 3,48% | -3,93% |
| XLI | Industrials | 0,28% | 6,94% |
| XLK | Technology | 1,03% | 21,80% |
| XLU | Utilities | 0,80% | 1,44% |
| XLV | Healthcare | 0,68% | -0,99% |
| SLV | Silver | -0,73% | 0,22% |
| GLD | Gold | -2,32% | -1,65% |
| UNG | Natural Gas | 3,88% | -8,70% |
| USO | Oil | 7,85% | 12,22% |
| VXX | VXX Index | -4,67% | -20,45% |
| EWJ | Japan | 1,12% | 4,57% |
| EWU | UK | 0,06% | 3,20% |
| EWG | Germany | -0,05% | 6,71% |
| EWQ | France | -0,02% | 4,59% |
| EWI | Italy | 0,86% | 8,01% |
| GREK | Greece | -0,47% | 9,39% |
| EEM | BRICS | 0,61% | 12,92% |
| EWZ | Brazil | -1,28% | 2,71% |
| RTSI | Russia | -1,79% | 4,00% |
| INDA | India | -0,93% | 4,87% |
| FXI | China | -0,14% | 2,53% |