Market May 5: U.S.-Iran Ceasefire Holds

In case you missed our best recent articles:

• Oil Above $100, Where Is the Japanese Yen Headed?

• The $700 Billion AI Capex Race: Who Is Making Money, Who Is Burning Cash?

• WHY IS THE UAE REQUESTING A U.S. SWAP LINE?

• U.S. Airlines Q1/2026: Sold Out, But Profits Wiped Out

• Canada Economic Outlook 2026

• U.S. Banks Q1/2026: The Start of a New Cycle

• Private Credit: Not 2008 - But the Most Dangerous Since 2008

• UK: Is Underinvestment Destroying the Economy?

• Wall Street Journal - New Service Introduction

Key headlines:

• U.S.-Iran: Ceasefire remains in effect

• Hormuz: Traffic frozen again

• S&P Global Services PMI:

• March trade deficit reaches -$60.30 billion

• March JOLTS:

• February:

• 20 major US cities, ranked by number of months since reaching all-time price highs

• Bloomberg:

• Revenue: $3.17 billion (Forecast $3.09 billion) 🟢; +34% YoY

• Revenue: $8.4 billion (Forecast $8.05 billion) 🟢; +7% YoY

• Revenue: $14.5 billion (Forecast $13.84 billion) 🟢; +5% YoY, +2% operational

• Revenue: $5.03 billion (Forecast $4.73 billion) 🟢; +5% YoY

• Another day, another all-time high. Intel, MU, and the entire semiconductor sector led the gains today. The ceasefire remains in place, and two U.S. ships confirmed passage through the Strait of Hormuz, helping the market rally strongly.