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The Philadelphia Semiconductor Index has experienced 16 consecutive days of gains, marking one of its best months in approximately 25 years.
Forward earning estimates for the technology sector have been revised higher by almost 20% over the last three months, approximately double the revision rate for the S&P 500.
Due to a blockade in the Gulf, Iran is unable to export its oil, causing its storage facilities on Kharg Island to fill up.
Victoria Coates predicts that within a week or two, Iran will be forced to start capping its oil wells, which could cause permanent damage to its reserves.
Victoria Coates claims that Iran's top 40 leaders were decimated in the first day of a recent action against them.
Iran has stopped paying the salaries of its security apparatus, including the Islamic Revolutionary Guard Corps (IRGC) and the police.
Exxon has projected that global oil demand will remain flat through 2050.
Paul Sankey predicts the geopolitical situation involving Iran will deteriorate badly over the next two months.
Paul Sankey predicts the current crisis will cause a structural reduction in global oil demand and a structural increase in the oil price.
Paul Sankey believes that actual, usable emergency oil inventories are lower than they appear on screen, and there will be significant hesitation to release the third tranche of these reserves.
Keith Lerner of Truist believes the current bull market deserves the benefit of the doubt and views any market weakness as a buying opportunity.
Corporate profit margins are expanding and forward-earning estimates are at new highs for S&P 500, mid-cap, small-cap, and emerging market companies.