April 17 Update

Stock market at all-time highs.  Nasdaq has approached its longest winning streak since 1992.

Reasons behind the rally:

Peace breaking out.  Israel – Lebanon. 

The Strait of Hormuz is open and possible settlement with Iran

Oil is down – inflation might have peaked.

Economic – regional fed reports spike in new orders and cap ex spending. 

Earnings – lots of earnings next week but the Mag 7 isn’t until the last week of April.

Control of oil – lower oil prices in the future – lower inflation