Markets moved sharply higher to close the week and month, with technology stocks leading the way. The consistency of earnings reports is moving money off the sidelines as future revenue, and more importantly, earnings guidance, makes it clear that there’s plenty of room for the AI trade to run.
Investors were also casting an optimistic eye towards the Middle East. The U.S. and Iran have seemingly agreed to a 60-day extension to the existing ceasefire. But investors, for now, are looking through that ambiguity and are focused on the belief that a resolution will happen sooner rather than later.
