Don’t look now but the market is pricing in peace in the Middle East for the 147th time since the war started.
According to the President, talks are “proceeding nicely.”
And apparently that’s all you need right now for the market to push to new all-time highs.
The calendar is actually light this week, with the biggest economic catalyst being the Core PCE numbers on Thursday.
Earnings today include MRVL, CRM, and AZO.
Wednesday and Thursday expect earnings releases from DELL, COST, SNOW, ZS, and BBY.
He’ll be dissecting the trading volume, breadth, and anything else that might show us where the cracks in the market lie.
— TheoTrade