US Markets Navigate Geopolitical Risks and Cautious Fed Stance

US stock indices are struggling to maintain their upward momentum as geopolitical tensions and Federal Reserve policy uncertainty weigh on investor sentiment. Yung-Yu Ma of PNC warned that markets have yet to fully price in the worst-case scenarios regarding potential military escalations involving Iran. Adding to the complexity, New York Fed President John Williams suggested the central bank might maintain a "wait-and-see" approach despite rising energy-driven inflation risks. While the Nasdaq and S&P 500 attempt to sustain their rally, specific stocks like Cloudflare (NET) are being closely watched as they enter potential technical buy zones. Market volatility remains elevated as investors balance fragile technical recoveries against persistent macroeconomic and geopolitical headwinds. Overall, the lack of fresh positive catalysts combined with the Middle East overhang suggests a period of consolidation for major benchmarks.