Just watched the tape light up again—S&P cracking 7,250 and Nasdaq pushing past 25,000 for the first time in forever. Feels like April's rally is refusing to let go, with Big Tech earnings dropping bombs that have everyone second-guessing their shorts.

We're talking S&P up 0.56% to 7,249.72, Nasdaq ripping 0.78% to 25,085.52, and even the Dow sneaking higher by 0.3% to 49,800.28. But the real juice? Analysts jacking Q1 earnings growth estimates to 27.8% from 16.1%—strongest in four years, all thanks to Apple, Alphabet, and the megacap crew printing money. Semis are on fire too, Intel leading the charge, which is wild when you think about the Middle East mess still simmering.

Market breadth finally showing some life beyond the usual suspects, countering those oil jitters from supply worries. Optimism's creeping in on US-Iran talks, but let's be real—geopolitics can flip this script fast.

What's got me eyeing the exits? This feels like peak FOMO after April's monster gains, but if earnings keep beating, we could see more melt-up. The catch: any whiff of inflation data next week or Fed hawkishness, and those records turn into traps. Anyone rotating out of tech into value yet, or still riding the wave?