Home Market Outlook Today's Market Summary I feel more comfortable with the setup for the broader markets after Wednesday's hyperscaler earnings. I agree that CapEx will eventually normalize and that hyperscalers may be overbuilding. The key question is how investors are positioning themselves now, while the AI spending cycle remains intact. Corporate earnings are improving. FactSet lifted Q1 2026 growth to 27.1% and CY 2026 S&P 500 EPS growth to 21.3% despite the war and oil prices in the triple digits. I am not saying there are no risks. However, the market is looking past Hormuz because spillover effects remain limited, while core CPI and core PCE are still contained. I remain fully invested, and I continue to favor market segments where hyperscaler CapEx is likely to flow, like the semiconductor industry.…