Doubts

• Os preços do petróleo dispararam em meio ao conflito entre Irã e EUA que ameaça a oferta global, mas as ações dos EUA permaneceram resilientes perto de máximas históricas, impulsionadas pelos resultados sólidos de Visa e Starbucks em 29 de abril de 2026. • O S&P 500 caiu 0,1%, o Dow caiu 286 pontos ou 0,6%, o Nasdaq subiu 0,1%; as ações da Visa saltaram 8,3% devido aos gastos resilientes dos consumidores, segundo o CEO Ryan McInerney, enquanto a Starbucks subiu 8,6% com maiores gastos por visita na América do Norte. • Autoridades do Federal Reserve sinalizaram que não haverá cortes de juros em 2026, quase eliminando as apostas dos investidores e quase favorecendo altas devido à inflação vinda dos preços de energia; o mercado de títulos estremeceu.

Standoff between Iran and US continues as both impose blockades of critical shipping waterway Iranian forces have seized two ships in the strait of Hormuz, as the US and Iran doubled down on imposing separate blockades of the critical shipping waterway that have choked global energy markets.The standoff over the narrow waterway – through which about 20% of the world’s oil and liquefied natural gas passed through during peacetime – raised doubts about whether stalled peace negotiations would resume. Continue reading...

• Oracle reported earnings that exceeded expectations, lifting its stock price, while Adobe continues to face investor skepticism over its AI strategy and competitive positioning amid broader tech sector repricing. • Morningstar downgraded Adobe's economic moat rating alongside Salesforce and ServiceNow, citing concerns that AI disruption could erode traditional software competitive advantages and justify lower valuation multiples. • The broader earnings season reveals a disconnect between traditional valuation metrics and AI disruption risks, prompting investors to reassess which software companies can sustain pricing power and market share in an AI-transformed landscape.