Last week’s key market movers:
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US-Iran conflict and Hormuz disruption drove sharp swings in crude and sentiment. Prices surged above USD110/bbl then pulled back on ceasefire/negotiation headlines;
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Strong earnings (especially Big Tech): Majority of companies beat expectations, pushing indexes to record highs amid massive investment in AI infrastructure;
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Rising Treasury yields on energy-driven inflation concerns..
Looking ahead:
- Iran military conflict (During the week): Market noise seems to be fading, but with a lack of real progress as the Strait of Hormuz remains effectively closed;
- Tech earnings continue (During the week): Additional tech and semis results to test rally strength, with key members such as Palantir, AMD or ARM.