‘HARD TO BE BEARISH’: If Iran deal is sealed markets could BOOM

Ajouté : 2026-05-28

[00:00:00]Back to that market, please. The Dow's doing okay. It's up 300 points. The Nasdaq, though, is down 70. Jason Katz joining us today. What does it take What will it take to sustain this rally? What do we have to see to keep this rally going?

[00:00:13]I don't know what's harder, the New York Knicks or the US economy and stock market. I will tell you for the stock market to continue this rally, the walk must be walked. I've been doing this a long time, and investors care less about the here and now, and they care about the tomorrow. We know corporate earnings this past quarter were spectacular. 30% year-on-year growth is what we're expecting for the full year. And the markets are discounting that we have a resolution with Iran and the straits open. This is yet to come to pass. We need to see execution on that for the market to rally.

[00:00:50]>> Okay. What stops the rally?

[00:00:53]Well, if we don't get a resolution, we need that deal sealed. We also need the straits open. We need oil to retreat back to the $70 level. We need flawless execution with respect to earnings. We need to start to see inflation abate.

[00:01:10]Although, I think the market will have some patience there, cuz that's going to take a little time to get the straits open. And above all, we need the consumer to remain resilient. And for the consumer to remain resilient, which makes up the vast majority of our economy, employment numbers have to remain robust. That's a lot of a lot of asks. And I think that will come to pass. But I got to tell you, I don't know any significant market watcher who's predicting disaster in the near future. I don't know any Everybody thinks it's just going to keep keep up going, um and just the rally continues. That's what everybody's telling me. I get a little concerned when everyone's on one side of the seesaw, but I will tell you the multiple of the market is lower today than it was on Jan 1, and that's because earnings are the mother's milk of the stock market, and they continue to go up. If we see earnings grow nearly 30% this year, we could see the stock market in the latter part of the year have another mini leg up. It's hard to be bearish, Stu, on the US stock market when you're constructive on the US economy.

[00:02:12]>> And some of the good stuff has not yet arrived for the US economy, and it will soon. Jason, thanks very much. All good.

[00:02:19]I appreciate it.