Sell in May, Go Away?

April ended with a bang. The S&P 500 and Nasdaq both closed at all-time highs on May 1, capping their best month since 2020. That is not a typo.

April 2026 is the best month in five years. And now we roll into one of the busiest earnings weeks of the year. Buckle up.

📈 Sell In May Go Away?

Now everyone is debating whether "Sell in May and go away" applies this time around. The honest answer is it might not. April's gains were too strong, earnings have been too good, and more than 80% of S&P 500 companies that have reported so far beat expectations.

Pete's Take 👇 The market is not running on hype. It is running on real earnings. When the fundamentals support the price, you do not sell just because of an old calendar rhyme. That said, volatility will stay elevated as long as the Iran situation remains unresolved. Stay positioned, not panicked.

🎙️ EARNINGS WEEK YOU CANNOT IGNORE

This is the week that matters for tech investors. Here is what is coming up:

Palantir reports today, Mon May 4. I am watching this one closely. Strong AI narrative, but the stock has run hard and expectations are high.

AMD reports Tue May 5. This is the real test for the AI chip trade beyond Nvidia. If AMD's data centre numbers are strong, the whole sector gets a lift.

Walt Disney and Uber report Wed May 6. Disney needs a streaming win. Uber has been quietly one of the most consistent performers in this market.

PayPal also reports Tue May 5. Pete's Take on PayPal has been clear for a while. The product has lost relevance in daily life and the numbers need to prove otherwise.

Pete's Take 👇 Palantir and AMD are the two I am watching most this week. Together they will tell us whether the AI trade has more legs or whether the easy money has already been made. Do not bet the portfolio on either one ahead of earnings. Wait, then react.

😀 BTC FINALLY BREAKS $80,000

This is big. Bitcoin crossed $80,000. This is the first time BTC has traded above $80K since Jan 2026.

The move makes sense when you look at the data. Whale wallets holding 1,000 BTC or more bought 270,000 BTC in the last 30 days. Exchange reserves just hit a 7-year low, meaning less supply available to sell. And ETF inflows turned positive again in April, with $2.6 billion coming in over the month.

The key level to watch now is the 200-day moving average sitting around $83,000. BTC has not closed above that level in seven months. If it breaks and holds, the trend reversal is confirmed. If it fails, we may see sideways action for longer.

Pete's Take 👇 This is the breakout many in the crypto community have been waiting for. But one day above $80K does not make a bull market. I want to see a weekly close above $83,000 before I start feeling confident about a sustained move higher. For now, accumulate with conviction but do not chase with leverage. Never go on leverage with crypto.

Before you go! 🍎 MAY DAY PROMO: Win a 1g Gold Bar!

Ever since I started buying gold back when it was less than $3,000, I’ve been a bit of a gold bug 🐞

While most of my gold holdings are in ETFs, I also hold physical gold as insurance, because it is recognized as real value anywhere in the world. To celebrate May Day, I have some great news to share with you!

I am partnering with Longbridge to bring back the Gold Bar Lucky Draw 🌕

Right now, in addition to the free NVDA* shares and $0 commission for US stocks and options, you stand a chance to win a 1g gold bar worth ~SGD 270. There are 3 gold bars up for grabs*! 🌟

How to enter the Lucky Draw:

1. Sign up for a new Longbridge account and fund at least SGD 2,000 using my link: https://rebrand.ly/iwplongbridge 

2. Then fill in the Lucky Draw Form here: https://rebrand.ly/iwpgoldbar

That is all it takes!

🎁 This promo ends on 31 May 2026, and I will be announcing the winners during a live webinar in June.

Don't miss out, sign up for your new Longbridge account now: https://rebrand.ly/iwplongbridge

🔗*Terms and conditions apply ^Other fees apply

Happy Hunting!

Pete
Invest with Pete

🚨‼️ By the way, I’ll never PM anyone on telegram or any other social media platforms. If you receive any “Pete” messaging you, these are scammers impersonating me. Pls beware!

The information provided in this newsletter is for informational purposes only and does not constitute financial advice. Readers should seek their own independent financial advice before making any investment decisions. Please note that while Pete is a portfolio manager, the opinions expressed in this newsletter are his own and do not represent the views of any organization. Always perform your own research and due diligence before investing.