Stocks are ripping higher and flirting with fresh all-time highs, thanks to a surprise ceasefire deal between Israel and Iran that appears, for now, to be holding up.
Heading into yesterday’s session, it seemed to me that geopolitical tensions were peaking, and the markets’ setups seemed to agree.
Now there’s “room at the table” for other catalysts. Fed honcho Powell is hinting at rate cuts, and tech stocks are beginning to break out. So it looks like the call wasn’t far-fetched at all.
Once again, the “end of the world” turned out to be the ultimate bullish catalyst. And staying true to our discipline at the close saved us from a lot of unnecessary panic over the last 48 hours.
As I said a moment ago, tech’s impending “reset” breakout has my attention, and crypto continues to flash opportunity after opportunity. There’s still time to get in.
This market isn’t done rewarding those who stay focused and flexible. Here’s what I see…