Company Interview / Trump's Middle-East tour boosts defence and tech sectors

Key points:

Greg Boland from Tiger Brokers identifies the S&P 500's strong market support amidst varied global influences.Trump's Middle East deals benefit tech and defence sectors, suggesting growth.Australian market trends in line with US movements, driven by key stocks.

Greg Boland from Tiger Brokers expresses his views on current market conditions, noting that while some strategists claim equity markets are overbought, he observes strong support for the S&P 500 at the 1900 level. He highlights that the Fed's actions and tax cuts could further impact the US market.

Greg points out the significance of Donald Trump's deals in the Middle East, particularly benefiting companies like Nvidia and AMD (NASDAQ: AMD). A deal with Qatar and Boeing (NYSE: BA) suggests a positive outlook for defence stocks, bolstered by increased demand from EU countries and potential GDP defence spending hikes.

Greg observes that although there was capital outflow from the US during trade chaos, European ETFs continue to rise. He sees businesses exploring non-US markets like Australia due to tariffs. He states the Australian market mirrors the US, with stocks like Nvidia (NASDAQ: NVDA) and Tesla (NASDAQ: TSLA) showing strong performance.