Bond Yields Hold, Tech Megacaps Surge
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- Iran closed the Hormuz Strait over the weekend, delaying Indian shipments and heightening geopolitical risk.
- Trump signaled readiness to resume bombing campaigns against Iranian infrastructure, reviving war‑time rhetoric.
- S&P Short Range Oscillator sits at +7.89%, indicating the market is overbought but historically tends to unwind gradually.
- Tech megacaps (Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia) – six of the seven – are rallying as their AI investments start paying off.
- Boeing and GE Aerospace see headwinds from higher oil prices, while travel‑leisure names like Marriott and Disney risk earnings pressure.
Why it matters: Investors in the Magnificent Seven gain as six of the seven megacap stocks rally, while airline and travel stocks risk downside from higher oil prices; stable bond yields keep equity valuations buoyant.
