Stocks rose Wednesday pre-market as oil and bond yields fell on reports that a US-Iran one-page MOU is nearing agreement to end the conflict and frame nuclear talks. Brent crude dropped 5.3% to $104. AMD surged 18% on strong AI-driven revenue outlook, lifting peers; GOOG rose on Anthropic’s $200B Google Cloud commitment. I expect equities to extend record highs once the Middle East conflict ends, with 2026 S&P 500 EPS now at $330 (+19% YoY). I remain cautious on TSLA due to declining estimates, increased autonomous competition, and an extended valuation relative to forward growth estimates.