Key insights
- US equities reached new highs despite high oil prices and geopolitical tensions, driven by strong earnings, particularly from banks, and easing geopolitical concerns. This risk-on sentiment suggests investors are prioritizing growth and remaining invested, indicating continued upward momentum in the short term.
Nasdaq and S&P just hit new highs even with oil above $100 and geopolitical tensions still in the background. Normally that would slow things down, but not this time.
Earnings are holding up, especially from banks, and that seems to be enough for investors to stay confident. Add a bit of optimism around tensions cooling, and the focus shifts back to growth. Even rising oil didn’t shake things like it usually does lol
Feels like a clear “risk-on” environment where people would rather stay in than step aside, at least for now