Week in Markets
Week in Markets: Brent at $126, S&P at Record, Fed Holds With 4 Dissents, Mag-7 Raises AI Capex
Brent printed $126.41 intraday Thursday, the highest in four years. The Fed held with 4 dissents, the most since October 1992. Q1 GDP missed at 2.0% with PCE deflator at 4.5%, a textbook stagflation print. Apple delivered $111.2B revenue and $100B buyback. Alphabet GCP +63%, AWS +28%. The Mag-7 raised 2026 capex by $25B in a single week. S&P at fresh record 7,230, Nasdaq broke 25,000. Bitcoin tested $80k, failed, closed flat at $78,292. ETF flows turned net negative for the first time in 3 months.