Weekly Wrap 1 May

Strong earnings and a resilient US economy are pushing Wall Street higher, with Meta and Alphabet leading a massive week of mega-cap reporting. It’s a different story in Australia, as local sectors dipped in April as investors trade cautiously amid rising interest rates and persistent inflation signals. In this week’s wrap, Will and Sophia cover: how the key asset classes performed this month US earnings results from Meta, Alphabet, Google, and Caterpillar the share price decline across Australia’s major supermarkets the key highlights from Bell Potter’s research the demand and supply shift in the lithium sector what to expect from the RBA next week. 

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