WS #14876
The S&P 500 and Nasdaq have reached record highs, driven by Federal Reserve Chair Powell's positive commentary on inflation improvements. This macro backdrop supports risk appetite and equity valuations. However, the sustainability of this rally is now contingent on the geopolitical situation, particularly the potential for an oil price spike stemming from the Hormuz escalation.
US Equity Record Highs
The S&P 500 and Nasdaq have reached record highs, driven by Federal Reserve Chair Powell's positive commentary on inflation improvements. This macro backdrop supports risk appetite and equity valuations. However, the sustainability of this rally is now contingent on the geopolitical situation, particularly the potential for an oil price spike stemming from the Hormuz escalation.