S&P Hits Records, Wayfair Earnings Miss | Bloomberg Businessweek Daily 4/30/2026

Watch on YouTube ↗  |  April 30, 2026 at 20:04  |  42:31  |  Bloomberg Markets
Speakers
Mary Ann Bartels — Chief Investment Strategist, Sanctuary Wealth

Summary

The S&P 500 hit a record while big tech earnings (Alphabet, Meta) moved markets. Sanctuary Wealth's Mary Ann Bartels outlined a secular bull market with a long-term S&P target of 10,000-13,000 and a strong preference for non-U.S. equities. Wayfair's Q1 earnings missed estimates, but CFO Kate Gulliver expressed confidence in share gains despite a challenged home goods category. A health segment with Dr. Fanny Elahi discussed women's Alzheimer's risk and aging research.

  • S&P 500 reached an all-time high, led by Alphabet's 10% surge after strong cloud/AI earnings.
  • Meta shares fell 8% on concerns AI spending may not pay off quickly.
  • Federal Reserve left rates unchanged; three voters dissented favoring a hike due to rising inflation.
  • Mary Ann Bartels reiterated a secular bull market, targeting 10,000-13,000 on the S&P by 2030.
  • Bartels recommended buying non-U.S. equities for long-term leadership shift.
  • Wayfair missed Q1 earnings estimates, but CFO guided mid-single-digit revenue growth and held category recovery expectations.
  • Home goods category remains well below trend, pressured by high gas prices and consumer restraint.
  • Dr. Fanny Elahi discussed new research on women's higher Alzheimer's risk and the potential of hormone replacement therapy.
Trade Ideas
Mary Ann Bartels Chief Investment Strategist, Sanctuary Wealth 15:25
S&P target 10,000-13,000 by 2030
The S&P 500 is in a secular bull market driven by technology and AI, with fundamental and technical support. Sentiment is between skepticism and optimism, leaving a long runway. Long-term target is 10,000 to 13,000 by 2029-2030, and the market is likely to enter a bubble before peaking.
SPY HIGH
Mary Ann Bartels Chief Investment Strategist, Sanctuary Wealth 15:38
Long technology/AI for secular bull
Technology and AI are the leadership of the secular bull market. Fundamentals support the trend, and the sector still has room to run given the current sentiment is not euphoric. Software and AI investments will drive the next leg of the market.
XLK MED
Mary Ann Bartels Chief Investment Strategist, Sanctuary Wealth 18:34
Long non-U.S. equities for next decade
Non-U.S. equities will be the next secular leadership for the next decade, shifting from the typical one-to-two-year outperformance cycle. She is a big buyer of non-U.S. equities and expects to own them for a long time as the U.S. dominance fades.
Non-U.S. equities HIGH
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This Bloomberg Markets video, published April 30, 2026, features Mary Ann Bartels discussing SPY, XLK, Non-U.S. equities. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Mary Ann Bartels  · Tickers: SPY, XLK, Non-U.S. equities