𝗪𝗮𝗹𝗹 𝗦𝘁𝗿𝗲𝗲𝘁 𝗮𝗻𝗱 𝗘𝘂𝗿𝗼𝗽𝗲 𝗿𝗮𝗹𝗹𝘆 𝗼𝗻 𝗵𝗼𝗽𝗲𝘀 𝗼𝗳 𝗲𝗮𝘀𝗶𝗻𝗴 𝘁𝗲𝗻𝘀𝗶𝗼𝗻𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗠𝗶𝗱𝗱𝗹𝗲 𝗘𝗮𝘀𝘁 𝗠𝗮𝘆 𝟲, 𝟮𝟬𝟮𝟲 Equity markets are moving sharply higher today following reports suggesting a possible agreement between the United States and Iran. U.S. futures are pointing to a strong opening: • Nasdaq: +1.7% • S&P 500: +1.0% • Dow Jones: +0.7% European markets are also strongly higher: • CAC 40: +3.2% • DAX: +3.0% • FTSE 100: +2.4% This geopolitical easing is triggering several important market moves: oil falling below $ 100 lower market volatility declining bond yields strong rebounds in cyclical sectors such as banks, automotive, travel, and industrials Meanwhile, energy stocks are pulling back after a very strong rally since the beginning of the year. Markets appear to be pricing in a scenario where tensions in the Middle East do not escalate further. This is bringing back appetite for risk assets and growth stocks, particularly in technology and artificial intelligence following AMD’s strong recent earnings results. However, caution remains important: if negotiations fail, markets could reverse direction very quickly. romainroth.com $NSDQ100 $SPX500 $AL2SI.PA $ENR.DE $MU $RUI.PA ⚠️ Risk Warnings: 𝘛𝘩𝘪𝘴 𝘪𝘴 𝘢 𝘱𝘦𝘳𝘴𝘰𝘯𝘢𝘭 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘺, 𝘯𝘰𝘵 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘞𝘩𝘦𝘵𝘩𝘦𝘳 𝘺𝘰𝘶 𝘤𝘩𝘰𝘰𝘴𝘦 𝘵𝘰 𝘶𝘴𝘦 𝘪𝘵 𝘪𝘴 𝘺𝘰𝘶𝘳 𝘰𝘸𝘯 𝘥𝘦𝘤𝘪𝘴𝘪𝘰𝘯. 𝘗𝘢𝘴𝘵 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘪𝘴 𝘯𝘰𝘵 𝘢 𝘨𝘶𝘢𝘳𝘢𝘯𝘵𝘦𝘦 𝘰𝘧 𝘧𝘶𝘵𝘶𝘳𝘦 𝘳𝘦𝘴𝘶𝘭𝘵𝘴