Thursday - April 30, 2026

Brian Szytel reviews a strong Thursday market rebound, with the Dow up 850 points and the S&P 500 and Nasdaq up about 1%, driven mainly by earnings, including a “Mag Seven” report that lifted the world’s largest search engine about 9% (a roughly $400B one-day market-cap gain). Economic data were supportive: initial jobless claims printed 189 versus 214 expected, personal spending was in line, personal income beat expectations, and March PCE inflation matched forecasts at 3.5% (3.2% ex-energy). GDP came in at 2.0% versus 2.3% estimated, with expectations for revisions and a Q1 composition heavily driven by equipment spending and IP investment tied to data centers and AI. He discusses the Fed holding rates, the politicization around Powell, and Kevin Walsh beginning as Powell’s term ends May 15. 00:00 Market Rally Recap 00:19 Big Tech Earnings Surge 00:59 Jobs and Inflation Data 02:08 GDP Print and Revisions 02:46 Fed Leadership and Politics 04:31 Powell Policy Critique 05:24 What Drove Q1 GDP 06:34 Closing and Weekend Signoff Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com