Matt Orton, Chief Market Strategist at Raymond James Investment says recent US moves in the Strait of Hormuz signal cautious progress, though risks of escalation remain. He believes Washington is still leaning toward de-escalation to avoid inflation shocks. For investors, he highlights the AI-driven capex cycle as the dominant market theme, pointing to strong earnings and massive order backlogs. He also flags clean energy and power infrastructure as the next big opportunity tied to global AI expansion.
First Published: May 4, 2026 9:33 AM IST
