Fed hawkishness meets supply chain wins: Apple stays resilient

Markets are grappling with a complex mix of escalating Middle East tensions and hawkish central bank cues. Renewed hostilities involving U.S. and Iranian forces in the Strait of Hormuz have pushed global crude oil prices significantly higher [1][2]. This geopolitical shock has introduced immediate volatility into equities and risk-based assets, though tech shares have shown notable resilience compared to the broader indices [3][4]. Underpinning this relative tech outperformance is anticipation surrounding the upcoming Q2 earnings cycle, where tech sector earnings are projected to lead growth with an expected 48.5% surge [5][6]. Compounding the geopolitical pressure, newly sworn-in Fed Chair…