Stocks rose slightly Monday amid stalled US-Iran talks on ending the eight-week war, with Brent crude rising to $106/bbl. Iran’s foreign minister is signaling openness to an interim deal reopening the Strait of Hormuz for lifted sanctions. This peak earnings week features five of the Mag 7 names and 180 S&P 500 companies, with 84% of companies reporting so far posting positive surprises and +15% blended YoY earnings growth. The Fed meets Tues and Wed with no rate change expected. A Senate Banking Committee vote on Kevin Warsh’s nomination as chair of the Federal Reserve is scheduled for Wednesday, which we expect to pass easily. We see equities extending highs post-conflict as 2026 S&P EPS ests rise to $325 (+17% YoY). We remain cautious on $Tesla(TSLA.US) due to a stretched valuation and intense competition within unsupervised autonomy.