Bob Iaccino of Path Trading Partners breaks down the latest market moves as equities hit all-time highs. We analyze the impact of eased geopolitical tensions following halted strikes on Iran and the potential reopening of the Strait of Hormuz. Additionally, cooling JOLTS job openings signal a shifting labor market, giving the Federal Reserve room to adjust rates. Finally, a massive wave of mega-cap earnings is on the horizon, highlighted by SpaceX's first public report.