UAE’s OPEC+ exit signals structural fractures, but near-term oil impact limited: Matt Orton

UAE’s exit from OPEC+ coordination has little short-term oil impact. Geopolitical issues dominate. Markets have rallied, but easy gains are over. Selectivity is key, favoring AI capex and select energy and healthcare stocks. The Fed is unlikely to pivot soon. Earnings will drive markets, but Middle East risks remain.