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• The S&P 500 booked a 10% gain in April for its best month since November 2020, and a big part of that was Alphabet (GOOGL).
• The Tech sector has ended its longest streak of consecutive closes in extreme overbought territory since November 2019.
• Initial jobless claims cratered to 189K last week, taking out the lows from the white-hot labor market of the pandemic reopening for the lowest reading since 1969.

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