Relief Rally on U.S.-Iran MOU: Tech, Semis and Mega Caps Lead, But Weak Breadth and AI Risks Cast a Shadow

The stock market kicked off a holiday-shortened week with a sharp rally, as a signed MOU between the U.S. and Iran caused a pullback in oil, a dip in yields and the U.S. Dollar, strong leadership from mega-cap and technology stocks, with gold and Bitcoin rallying, too. Sunday’s announcement from President Trump that the U.S….