Week of June 1, 2026
Markets remain sensitive to U.S.-Iran negotiations, but the risk of prolonged disruption is easing. The United States retains significant economic and geopolitical resilience. Speculation has increased in parts of the domestic equity market, particularly technology and semiconductor stocks. Enthusiasm for artificial intelligence and data center infrastructure has pushed valuations to elevated levels, with some expectations exceeding fundamentals. Still, economic and earnings conditions remain largely supportive. Our Signals are unchanged.
Bob Bilkie, CFA
