U.S. stocks were set to rebound as Brent crude fell 1.5% to $103 after Trump said the U.S. would not attack Iran before the midterms amid productive talks, easing oil worries. The 10-year yield rose to 5.24%; chip stocks gained. OpenAI’s expected $70 billion-plus year-end revenue target boosted AI investment sentiment. S&P 2026 EPS estimates of $367 imply a 21.2x P/E and 4.7% earnings yield, inverted versus Treasuries as in the late-1990s peak. Yields likely to fall by year-end as the Iran conflict ends, resolving the equities vs bonds valuation disconnect. Tesla remains rich at a 230x 2026 P/E multiple vs +45% long-term earnings growth amid declining earnings estimates and the continued commoditization of autonomy.