Yet options positioning needs a reset...
PremiumUS equities are caught in a feedback loop of Iran peace hopes and AI earnings that will require a steady supply of positive news to counteract crowded bullish positioning.As Bloomberg macro strategist, Michael Ball writes, the hold-your-nose-and-buy rally has powered S&P 500 gains for eight straight weeks, lifting the index roughly 19% from the March lows.
Stocks Extend Highs on AI Optimism as Oil Slides: Markets Wrap
Near record highs, stocks face fresh test from bond yields | CNN Business
S&P 500, Nasdaq muted as AI rally pauses, investors await Mideast news - The Korea Times
US stocks today: S&P 500 rises on Mideast peace hopes as oil prices dip
Wall Street Week Ahead: Soaring stocks could face rocky patch as earnings wind down, yields perk up
S&P 500 eyes 8th straight weekly gain amid Iran deal hopes
...but short interest signals continued risk management...
Equity bears are growling, and bulls are sharpening their horns.
"Sharp Momentum rallies that have occurred with the S&P 500 at or near a high have generally preceded weaker subsequent equity…
...from elevated RAI levels very positive returns were less likely, but the frequency of small corrections has increased...
US equities need a delicate macro mix to rally from here: enough economic growth to broaden gains but not so much that it fuels…
(Bloomberg) -- The rally in US stocks is set to stretch into a fifth day as optimism around artificial intelligence, lower oil…
