Executive Summary: The "AI Bid" refuses to die. S&P 500 held 6,150. Oil is the spoiler, spiking above $80 on Hormuz tensions. Market pricing "Higher for Longer" but equity investors don't care as long as earnings hold up.
Market conditions are evolving rapidly. Key developments include:
Based on the current volatility profile, we recommend a defensive posture. The risk-reward skew has shifted unfavorably for long-duration assets. Capital preservation is paramount in this regime.