“Given the capex plans of the AI hyperscalers, there’s no reason to think that the rally is about to end. If there’s a breakthrough between the US and Iran, the trend could accelerate, with investors buying back their shorts.”

The S&P 500 Index perpetual futures jumped to a record high on Hyperliquid as the US announced a deal to reopen the Strait of Hormuz

The S&P 500 on Friday clinched its eighth straight weekly gain, the index’s longest winning streak since 2023. The reasons might sound familiar: strong corporate earnings and AI…