00:00U.S. talks advanced on Monday as investors looked for signs of progress toward a U.S.-Iran ceasefire deal and
00:08evaluated President Trump's progressively heated threats and escalation should Iran fail to reopen the Strait of Hormuz.
00:15Iran has rejected the U.S. proposal for an immediate ceasefire, insisting instead on a permanent end to the war.
00:25The rejection followed Trump's increasingly bellicose ultimatums, vowing to rain hell on Iran if the crucial Strait of Hormuz's bottleneck
00:33remains close to all tanker traffic.
00:36Investors drew some reassurance from a report that indicated the U.S.-Iran and a group of regional mediators continue to
00:43discuss terms of potential ceasefire.
00:45Well, stocks have really been oscillating on the potential for a truce with the Iranian conflict tomorrow.
00:52President Trump just came out and addressed the nation and didn't really give a lot of visibility on what to
00:57expect over the next 24 hours.
00:59So you've seen some of those gains be parried back.
01:01But I think importantly, investors are using the playbook of buying the geopolitical dip.
01:06When you go back to 1950, there's been over 20 military conflicts.
01:10And if you had bought the day that that conflict began, the S&P 500 has been positive 3 percent
01:16over the next three months and positive almost 6 percent over the next six months.
01:20And with the S&P 500 down almost 5 percent over the last month, we think that this is probably
01:26a good buying opportunity for investors given the resilience of the U.S. economy.
01:30All three major U.S. indexes advanced slightly, with the S&P 500 and the Nasdaq on track for the
01:37fourth consecutive day of gains.
01:39The S&P 500 gained 29.14 points or 0.44 percent, while the Nasdaq composite gained 117.16 points
01:48or 0.54 percent.
01:50The Dow Jones Industrial Average rose 165.21 points or 0.36 percent.
Comments