Geopolitical Clouds Return: Oil Spikes, Yields Rise, But Big Tech Holds the Line

Well, that escalated quickly. Geopolitics took center stage as renewed US-Iran tensions spiked oil prices. However, dip-buyers stepped in to defend Big Tech near the key 50-day SMAs highlighted in Tuesday’s Wrap. Macro is firmly back on the radar. For now, investors are leaning into Big Tech, but the trajectory of the conflict, oil prices,…