Climbing the Wall of Worry
Despite heightened geopolitical tension over Iran and volatile oil prices, U.S. equities kept climbing last week. The S&P 500 found firm support at its cloud level and pushed toward new highs, showing that strong markets can absorb bad news without breaking. Lower crude prices, driven by optimism around diplomatic progress, acted as a sentiment catalyst, encouraging risk‑on buying. A light economic calendar means headlines, not data releases, will dominate short‑term volatility, while the underlying bullish trend remains intact.
What War? Record Highs…
The S&P 500 surged to fresh record highs last week despite a neutral Fed decision, a wave of mega‑cap earnings, and lingering Iran‑related geopolitical tension. Market participants treated the FOMC as a non‑event and rewarded earnings leaders such as Microsoft,...