Last week, we saw better quarterly US corporate earnings reports.
Figures in industrial production, the US Federal Reserve's Beige Book, consumer price inflation and housing data were positive.
But higher interest rate hike expectations did not push the equity market down.
For last week, the Dow Jones index gained nearly 0.1 percent, while the Nasdaq Composite was 0.8 percent higher.
The Nasdaq was supported by technology issues.
Most notably, Microsoft beat expectations, with its share price hitting an all-time high of US$60.45 (HK$471.51) on Friday - eclipsing its previous high set during the dot-com boom.
Its first-quarter earnings per share ex-items rose to 76 US cents, beating the 68 US cent estimate.
The company said that showed continued demand for its cloud-based services.
Another share rising to an all time high was Facebook, a share that Dr Check kept recommending in the last two years. It hit the US$132 level - the share price gaining about 80 percent in the last two years.
So, it's very important to be aware of new-technology companies, whose shares are still in the high growth stage.
Dr Check and/or The Standard bear no responsibility for any decision made based on this column.
