In today’s pre-mkt summary for Subscribers: Stocks pared earlier losses following a report that Iran was willing to trade uranium stockpiles for concessions, combined with yesterday’s stronger-than-expected Feb ISM services data and ADP payrolls. 10y yields rose with brent crude, which is now up +20% since the Mideast escalation began last week. Precious metals rose while #bitcoin slipped. $Broadcom(AVGO.US) +7.4% to $341 on strong Q2 revenue guidance. $Kroger(KR.US) and $Costco Wholesale(COST.US) report earnings today, and US non-farm payrolls are tomorrow. We see equities pushing to new highs once Mideast tensions ease, oil retreats, and softer jobs data boosts Fed rate cut odds, with 2026 S&P EPS at $310 implying a reasonable ~22.2x P/E =4.5% earnings yield vs 10y treasury yields of 4.1%, in line with non-recessionary history.