Truce Gets Closer

The U.S. and Iran move closer to a potential peace agreement with a proposed 60-day truce.

Author

Ankit Sinha
May 29, 2026

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Markets Price In World Peace

Wall Street ended the week in celebration mode as hopes of a U.S.-Iran truce extension sent stocks to fresh all-time highs while oil prices cooled off.

Reports say that Washington and Tehran had tentatively agreed to extend a ceasefire by 60 days and to continue nuclear negotiations, reassuring investors that the Strait of Hormuz may soon reopen and easing fears of a prolonged energy shock.

The S&P 500 notched its sixth straight day of gains, Treasury yields fell, and the dollar weakened as traders swapped war anxiety for cautious optimism. In short, markets decided that diplomacy is cheaper than $100 oil.

The relief rally came despite lingering concerns that inflation remains stubborn. Higher energy costs have pushed U.S. inflation to its fastest pace since 2023, while consumer spending is beginning to show signs of fatigue.

Investors now face an awkward balancing act: the economy is still growing, but hotter inflation could keep the Federal Reserve on the sidelines for longer. As one investor might put it, consumers are still shopping, but they're checking the price tag before swiping the card.

Meanwhile, corporate America kept the excitement going.

  • Anthropic raised another massive funding round and reportedly surpassed OpenAI in valuation.

  • Dell rode the AI wave with blockbuster guidance.

  • Snowflake surged on a multi-billion-dollar partnership with Amazon.

  • Over in Las Vegas, Tilman Fertitta finally hit the jackpot with a $5.7 billion takeover of Caesars Entertainment.

  • Rail investors weren't as lucky after regulators threw a red signal at Union Pacific and Norfolk Southern's mega-merger.

It was a classic market day: AI got richer, billionaires got bigger, and everyone collectively decided that peace is bullish.

Peel Take: Markets are being driven more by geopolitics than economics right now. The prospect of a U.S.-Iran truce immediately outweighed concerns over sticky inflation and slowing consumer spending, highlighting how sensitive investors remain to energy prices and supply chain stability.

If the Strait of Hormuz reopens and oil continues to retreat, inflation pressures could ease, giving the Fed more breathing room and extending the current equity rally. However, if negotiations falter, markets may quickly rediscover the inflation risks they were happy to ignore this week. For now, Wall Street is pricing in peace, but diplomacy remains one of the market's most volatile assets.

What's Ripe

Snowflake Inc. (SNOW) 36.5%

  • Snowflake surged 36.5% after the cloud data company delivered fiscal first-quarter earnings that crushed Wall Street expectations, easing concerns that artificial intelligence could disrupt its business model.

  • The company also strengthened its partnership with Amazon Web Services through a multi-year agreement, reinforcing investor confidence that Snowflake remains a key beneficiary, not a casualty, of the AI boom.

  • Peel Take: For months, investors feared AI would turn data platforms like Snowflake into yesterday's software. Instead, Snowflake just reminded the market that AI is only as useful as the data behind it. The company's strong results and deeper AWS partnership suggest that as businesses race to adopt AI, demand for data storage, management, and analytics infrastructure may grow alongside it. Sometimes the best way to survive a technological revolution is to become the plumbing behind it.

Nebius Group N.V. (NBIS) 8.6%

  • Nebius climbed 8.6% after prominent AI investor and researcher Leopold Aschenbrenner revealed that his Situational Awareness fund had taken a stake in the cloud-computing company.

  • The disclosure boosted investor confidence, with the market viewing Nebius as a potential beneficiary of growing demand for AI infrastructure and computing capacity.

  • Peel Take: In today's AI market, sometimes the investor matters almost as much as the company. Aschenbrenner has built a reputation for his bullish views on artificial intelligence and the massive compute requirements it demands. His investment in Nebius is being interpreted as a vote of confidence in the company's ability to capitalize on the AI infrastructure boom.

What's Rotten

Everpure Inc. (P) 14.8%

  • Everpure plunged 14.8% after investors focused on disappointing forward guidance, overshadowing a strong first quarter that saw revenue jump 35% and product revenue surge 55% year over year.

  • While demand for the company's AI-driven storage solutions remained robust, management's second-quarter revenue outlook came in below Wall Street expectations, raising concerns that growth may be slowing faster than anticipated.

  • Peel Take: Everpure's results highlight a growing theme across the AI infrastructure trade: revenue growth is impressive, but investors increasingly want proof that AI demand translates into higher profits.

Synopsys Inc. (SNPS) 8.6%

  • Synopsis tumbled 8.6%, making it the worst-performing stock in the S&P 500 despite reporting stronger-than-expected fiscal second-quarter results and raising its full-year revenue outlook.

  • The chip-design software company also announced a cooperation agreement with activist investor Elliott Investment Management, but investors appeared unconvinced, sending shares lower as expectations had already been running high.

  • Peel Take: In today's AI-fueled market, beating expectations isn't always enough; you have to crush them. Synopsys delivered solid earnings, raised guidance, and even brought activist investor Elliott into the fold, yet the stock still sold off sharply.

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A furniture dealer purchased a desk for $150 and then set the selling price equal to the purchase price plus a markup that was 40 percent of the selling price. If the dealer sold the desk at the selling price, what was the amount of the dealer’s gross profit from the purchase and the sale of the desk?

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