May 28 S&P 500 Holds Flat as Cooler Core PCE and Snowflake-Led Tech Gains

$SNOW $APP

Author

Mukund Mohan
May 28, 2026

Market

“Today is an "Economic Calibration." The tape successfully digested a mixed macro picture - April Core PCE inflation cooled to a better-than-expected 0.2% monthly rate, but Q1 GDP was revised down to 1.6%” 😊 😋

U.S. launched defensive airstrikes on Iranian military targets—pushing Brent crude back up to $96 a barrel. However, the morning's highly anticipated April PCE report provided immediate salvation; core inflation printed slightly cooler than expected at 0.2%.

Buy the Book

My new book looks at 320 people’s lives over the last 30 years, from similar backgrounds and tries to explain why some are doing very well from a finance, career and relationships standpoint, but others are struggling. Buy the book today on Amazon.

Why similar people end up very differently: Mohan, Mukund

Questions People Ask Too Late

www.amazon.com/Why-similar-people-very-differently-ebook/dp/B0GDWJQB5D

Insights from the portfolio

SNOW Snowflake staged its biggest single-day move in years, obliterating a month-long software-sector depression

Massive double-beat, raised full-year guidance, and an eye-watering $6 billion hyperscale partnership.

Mukund Mohan

Video of the day

Today’s video is on Snowflake $SNOW ( ▼ 2.51% ) the cloud data warehouse company.

Deep dive of the day

APP APPLovin Margin Architecture at 87%+ Gross - Investment Literacy Coach

Here's the hook: when a $190 billion market cap company moves 10.4% on earnings day in a single session, institutional desks aren't just reacting to a $0.12

Investment Literacy Coach

Good setups for swing

Subscribe to Investment Literacy Coach Daily Swing Research

Daily Swing Research. Click to read Investment Literacy Coach Daily Swing Research, by Mukund Mohan.

ilcdailyswing.substack.com/subscribe