I'm struggling a little bit with today's price action, right?

Where is, you know, I'm trying to understand is that, you know, kind of the reduction, you know,

or kind of that rotation into some of the, and the outperformance of some of the software, or is there

something bigger kind of happening here?

Welcome back to Market's Outlook from the New York Stock Exchange.

As we get this week started, New York Stock Exchange's senior market analyst, Michael Ranking,

joins it now to weigh in on what you should be watching.

Hey, Michael.

Morning, thanks for having me, and welcome to the New York Stock Exchange. Thank you so much for having me here. I know you are a veteran here, so maybe I'll get you to show me around the floor one of these

days.

Let's talk about what investors should be watching this week.

I know there are two big narratives we're dealing with right now.

We have AI disruption fears and rising geopolitical risk in the Middle East.

Talk to me about what's driving investor positioning. Yeah, I mean, you know, right now we've kind of

moved to, we've put some of those AI anxiety fears to the back burner for the moment, you know,

with what's going on in Iran, right? And we, you know, markets are really just solely functioned on

kind of what oil prices are doing, you know,

kind of at this point. So overnight we had a massive move higher, you know, kind of in oil

prices as we saw in escalation in Iran over the weekend, right? The narrative originally was

that, you know, this was going to be kind of something that was going to, the conflict would be over reasonably quickly.

We're starting to get kind of signs that that may be a little more prolonged.

You started to see some Middle East countries,

...