A tentative 60-day ceasefire extension between the US and Iran is pending Trump's sign-off. The deal may include opening the Strait of Hormuz and Iran removing mines, but Trump's three red lines (handover of enriched uranium, open strait, end of nuclear program) remain distant. Market optimism is tempered by uncertainty.
Yields
NDX
RUT
implicit
Metals
USD
Bloomberg
5.5
Financial Media
Jill Disis 4.0
Financial Media
Jill Disis 4.0
5/29/2026 9:27:28 AM
wti
The tentative deal and potential opening of the Strait of Hormuz suggest a near-term easing of supply disruption fears, putting downward pressure on oil prices. However, the deal is not final and Trump's red lines remain, limiting the downside.
Strong AI capex visibility from Anthropic's massive funding round is boosting Asian tech hardware stocks. The China consumer sector remains weak, with JP Morgan downgrading liquor names. China has fiscal/monetary space but needs deeper reforms to boost consumption.
Yields
implicit
Oil
Metals
USD
Bloomberg
5.5
Financial Media
Anthony Steven 5.0
Financial Media
Anthony Steven 5.0
5/29/2026 9:27:28 AM
ndx
The relentless positive headlines and massive capex visibility from Anthropic and others strongly support the AI-driven rally in tech hardware, which is a key component of the NDX.
rut
The weakness in the US consumer, particularly the lower and middle class, which is a core part of the RUT, is highlighted as a risk. This suggests a lack of broad-based support for small-cap stocks in the near term.
AI is revolutionizing robotics. Boston Dynamics advocates for a US national robotics strategy including workforce training, tax incentives, and smart trade policies. The humanoid form factor offers versatility and ease of training, making it a superior investment for factories.
Yields
implicit
RUT
Oil
Metals
USD
Boston
1.0
Other
Brendan Schulman 8.5
Other
Brendan Schulman 8.5
5/29/2026 9:27:28 AM
ndx
The AI-driven revolution in robotics, with companies like Boston Dynamics at the forefront, represents a major long-term growth area for tech, a core component of the NDX.
The AI trade has strong earnings support, especially in memory with long-term contracts. Markets are concentrated, but opportunities exist in the broader AI supply chain (compute, memory). For China, selectivity is key, focusing on tech/industrial names. Short-term inflation is expected but not structural.
implicit
implicit
RUT
explicit
Metals
USD
DWS
7.8
Asset Manager $900.00B
Galvin Chia 8.0
Asset Manager $900.00B
Galvin Chia 8.0
5/29/2026 9:27:28 AM
ndx
The guest strongly favors equities for earnings growth, specifically highlighting the AI trade and its supply chain (compute, memory) as a key area of focus, which directly supports the NDX.
wti
Our house view for the next 12 months, we actually think that oil price would be back to like $82 dollar level.
yields
The guest suggests the bond market has already priced in inflation risks and rate hike expectations, and finds short-term yields attractive, implying a view that yields are fairly valued and unlikely to move sharply in one direction in the near term.
Akeso's presentation of first-ever China data at ASCO's plenary session is a historic milestone, validating Chinese biotech quality. The Pfizer-Inveni deal ($10.5B) shows growing MNC endorsement. AI is being embraced by MNCs for drug discovery, improving efficiency, but a breakthrough is 3-5 years away.
Yields
implicit
RUT
Oil
Metals
USD
Jefferies
8.0
Investment Bank $57.00B
Wayne T. W. Lee 7.5
Investment Bank $57.00B
Wayne T. W. Lee 7.5
5/29/2026 9:27:28 AM
ndx
The integration of AI into biotech drug discovery is a significant long-term growth driver for the tech sector, which is a core part of the NDX. The guest highlights that MNCs are embracing AI as the future of the industry.