AMD
CVS
DIS
UBER
Green lights everywhere
The market is acting like it just heard the all-clear from the principal’s office. The S&P 500 hit another record Tuesday, and Polymarket traders are laying down heavy odds that Wednesday opens higher too.
What’s feeding the rally?
A few things are doing the heavy lifting:
- Oil is slipping, which helps cool inflation nerves and gives risk assets some breathing room.
- Earnings are coming in hot, with roughly 84% of S&P 500 reporters beating expectations so far, according to FactSet.
- Middle East tensions are easing a bit, after Trump said there had been "Great Progress" on talks with Iran and that the U.S. would pause "Project Freedom."
That combo is basically the market’s version of a spa day.
The AI/earnings side quest
Chip stocks are still doing chip-stock things. AMD jumped in extended trading after strong guidance, and Samsung even crossed the $1 trillion mark in market cap on Wednesday. Meanwhile, investors are waiting on earnings from Disney, CVS Health, and Uber, which means there’s still plenty of headline fuel left in the tank.
Big picture
This isn’t a single-stock story so much as a mood check: stocks are liking lower oil, decent earnings, and fewer geopolitical fireworks. If that holds, the path of least resistance still looks up — at least for now.