"The major indices are pushing even higher on hopes that the war with Iran is coming to an end - again. At the moment, there's reportedly a one-page, 14-point memorandum of understanding that could end the war and establish a framework for more detailed nuclear talks. Iran is reportedly reviewing that proposal."
""Those were both the beginning of productivity miracles that lasted four to five and a half years," Jones added, "We're kind of, I'd say, 50 or 60%. If I had to pick a period, we've got another year or two to run.""
""Our upgrade reflects conviction of sticky aluminum price strength that can exceed our forecasts. We also see catalysts from monetizing idled assets for data center conversion, as mgmt has noted several deals in the works, plus capital deployment news from strong profits," said the firm, as quoted by CNBC."
"With that, the S&P 500 is up another 0.17%, or by 13 points. The SPDR S&P 500 ETF ( SPY | SPY Price Prediction) is up 0.16%, or by $1.21. The Dow is up 0.25%, or by 120 points. The Nasdaq is up 0.1%, or by 32 points. Oil is down by $4.86 at $90.22. Gold is up by nearly $60 at $4,743, as Bitcoin drops by about $273 to $81,165.24."
Major indices increased on hopes that the war with Iran is nearing an end. A reported one-page, 14-point memorandum of understanding could end the war and create a framework for more detailed nuclear talks, and Iran is reviewing the proposal. The S&P 500 rose 0.17%, the SPDR S&P 500 ETF rose 0.16%, the Dow rose 0.25%, and the Nasdaq rose 0.1%. Oil fell to $90.22, gold rose by nearly $60 to $4,743, and Bitcoin dropped to about $81,165.24. Paul Tudor Jones said AI advances resemble past transformative technology cycles and suggested the AI bull market has another year or two. Wells Fargo highlighted Alcoa, citing sticky aluminum price strength, data center conversion of idled assets, and capital deployment from strong profits.
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