In today’s pre-market summary for Subscribers: Stocks slipped modestly as President Trump extended his pledge to avoid striking Iranian energy sites by 10 days, claiming productive talks that Iran immediately denied. Brent crude rose to $110/bbl amid ongoing tensions, while 10-year Treasury yields edged higher to 4.46%. Gold and silver gained and bitcoin continued to fall — now down -45% over the past 6 months.
The recent sharp global stock selloff reversed then resumed after the extension, with fresh Israel-Iran missile exchanges and Iranian strikes on Gulf targets. We continue to believe equities will hit new highs once the war ends, oil retreats, and slowing jobs data boosts Fed cut odds. 2026 S&P 500 earnings are forecast at $310 (+13% YoY), implying a ~21x P/E, a 4.8% earnings yield, and +34bp yield premium over 10yrTYs, in line with historical norms. We remain cautious on $Tesla(TSLA.US) due to declining 2026-2030 earnings estimates and competitors rapidly scaling unsupervised autonomy platforms.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
