Stocks continue to march to the upside as hope around Iran peace talks, lower oil prices and a cooler-than-expected PPI report provide an assist to the bulls.
JPMorgan Chase and other major banks report before the open, with PPI also due after a rally to begin the week. The S&P 500 Index is now above where it was before the war began.
There's a fight over war funding looming in Congress after a return from the Easter break, and uncertainty around the timing of the Fed chair confirmation hearing remains.
While infrastructure companies are not immune to a potential economic slowdown, they may provide a longer-term investment opportunity amid an uncertain macroeconomic backdrop.
While the temporary truce is welcome news, critical questions are still unanswered and the possibility for a wide range of potential outcomes for the Iran War remains.
PCE returns data to the front burner after stocks posted a robust rally yesterday in response to a fragile ceasefire. Strait traffic didn't immediately improve but oil plunged.
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