Optimism for De-escalation in Hormuz; AI Investment Cycle Continues to Drive Markets: Matt Orton

According to Matt Orton, Chief Market Strategist at Raymond James Investment, the recent actions by the US in the Strait of Hormuz indicate cautious progress amidst ongoing risks of escalation. He opines that Washington is inclined towards de-escalation to prevent inflation shocks. For investors, Orton emphasizes the AI-driven capital expenditure cycle as the key market theme, noting robust earnings and significant order backlogs. He also points to clean energy and power infrastructure as the next major opportunity linked to global AI growth.