House View Daily | US-Iran deal raises market optimism

The US and Iran have reached an agreement to reopen the Strait of Hormuz, with official signing scheduled later this week. Volatility may persist in the near term as markets assess the implementation and durability of the deal, but we maintain our view that resilient growth and robust earnings should continue to drive stocks higher. We continue to recommend investors hold a diversified portfolio across asset classes, sectors, and geographies.