The market is powering higher with 9 of 11 S&P 500 sectors up, driven by positive headlines from the Trump administration.

Energy and utilities are down, and Communication Services is muted due to Netflix.

Crude oil is down 13%, the dollar is down, yields are down, and the VIX is down, creating conditions for the market to touch all-time highs and power through.

Headlines will continue to drive the market, with 93 S&P 500 and 13 Nasdaq companies reporting earnings next week.

Economic data next week includes retail sales, PMI, and consumer sentiment, but the focus remains on headlines.

The VIX is down to 17.90 but still elevated, and risks remain from large-cap tech earnings, high valuations, and overbought RSI levels.

Notes that the market recovered faster and to higher levels than expected. Must watch if companies repeat high capex spending from Q4 in Q1 earnings.

Earnings pace is picking up, with four Magnificent 7 names reporting on April 29th and Tesla being important next week.

Highlights the constant news cycle with new headlines every 5-10 minutes.