S&P 500 Breaks Record After Sharp Seven-Week Rebound

• The Kobeissi Letter said the S&P 500 reached 7,500 for the first time in history.
• U.S. stocks added roughly $10.9 trillion in market value over seven weeks.
• The bull theory said the Nasdaq rose 28%, while Nvidia gained 38% during the rebound.

The S&P 500 has crossed 7,500 for the first time in history after a sharp seven-week rebound from its March 30 bottom. The Kobeissi Letter said the index is now up about 19% from that low, adding roughly $10.9 trillion in market value.

The move adds another milestone to one of the strongest U.S. equity recoveries of the year. Bull Theory said about $11 trillion has flowed back into U.S. stocks in the last 45 days, with the Nasdaq and Nvidia leading the wider reversal.

S&P 500 Breaks Record Level

The Kobeissi Letter chart showed the S&P 500 rising to 7,500.14 after a steep recovery from the March low near 6,300. The index climbed through several resistance zones in April and May, with buyers keeping control after the early-year sell-off.

That rebound marks a major shift in market structure. The chart showed a deep pullback into late March, followed by a fast reversal that carried the index above 7,000 and then into record territory.

                                   Source: X

Notably, the size of the move came with a large market value increase. The Kobeissi Letter said the rally added about $10.9 trillion in market capitalization over seven weeks, showing how heavily large-cap stocks drove the recovery.

The 7,500 level now becomes an important reference point for traders. A steady hold above that area would confirm strength after the breakout, while a pullback would test whether buyers can defend the latest record zone.

Nasdaq and Nvidia Extend the Rebound

Analyst Bull’s theory said the Nasdaq has gained 28% during the same broader market rebound. That shows a stronger appetite for growth stocks, especially after tech names faced pressure during the March decline.

NVIDIA also remained one of the key drivers. The post said the stock has risen 38% during the rebound, keeping AI-linked demand at the center of the market recovery.

                                                       Source: X

The analyst’s chart showed the Nasdaq and S&P 500 climbing together after sharp earlier declines. However, Nasdaq’s stronger advance shows that investors moved faster into technology and high-growth names.

Meanwhile, the S&P 500’s record move shows that the rebound has spread beyond one stock or one narrow group. Large-cap technology still leads, but the main index has also followed into new highs.

Rally Defies Macro Pressure

Analyst Bull Theory noted that the move happened while there was still no peace deal between the U.S. and Iran. The same post said oil prices remained above $100, keeping energy-market pressure in focus.

That backdrop makes the rally more striking. Higher oil prices can raise inflation worries and pressure rate expectations, yet U.S. equities continued to climb as investors returned to risk assets.

The speed of the rebound also keeps volatility risk alive. A 19% gain in seven weeks can invite profit-taking, especially after major indexes move far above their recent lows.

The latest charts show a market that has shifted from recovery to breakout. The S&P 500 has entered record territory, the Nasdaq continues to outperform, and Nvidia remains one of the strongest names behind the rally.

Related: Claude Helps Recover Locked Bitcoin Wallet After 11 Years