Morning Call Sheet: Markets look past Iran as AI drives gains

• Markets are currently 'looking past' Iran ceasefire uncertainty, focusing on strong earnings and economic data.
• The AI trade and robust performance in software and semiconductor sectors are driving market indices to record highs.
• Consumer stocks are lagging, with lower-income consumers expected to face continued struggles due to inflation.
• The bond market's relative stability and upcoming jobs data are crucial for the Federal Reserve's inflation focus.

Financial market experts discuss the current landscape, noting that markets are largely looking past geopolitical tensions in Iran due to strong earnings and the ongoing AI-driven rally in tech. While the consumer sector shows signs of struggle, the overall market remains resilient, with attention shifting to upcoming economic data and the Federal Reserve's stance on inflation.