Wall Street has U.S.-Iran deal ‘headline fatigue’ The stock market is experiencing ‘headline fatigue’ regarding potential U.S.-Iran peace deal news, leading to muted reactions despite a tentative ceasefire agreement. Investors are hesitant to initiate trades based on geopolitical signals, especially after recent significant market gains have pushed stocks to all-time highs across major indices. JPMorgan strategists suggest reducing exposure or adding hedges due to rising risks, even as the market has broadly advanced beyond just tech stocks.

• The stock market has shown fatigue and unwillingness to trade on U.S.-Iran deal headlines.
• A memorandum of understanding for a 60-day ceasefire extension between the U.S. and Iran was reached but requires presidential approval.
• Recent market rallies have pushed the S&P 500, Dow Jones, and Nasdaq Composite to record highs.
• The rally has broadened beyond Big Tech, with the equal-weight S&P 500 also reaching all-time highs.
• JPMorgan traders advise reducing net exposure or adding hedges due to rising risks.
• Investors may be hesitant to add more exposure at current elevated stock levels.