Wall Street's major banks continue to be bullish on the US stock market, stating that the war has not changed their investment logic.

Strategists at major Wall Street banks said that despite the risks posed by the Iran conflict, the investment logic for U.S. stocks remains intact. Rising oil prices, concerns about living costs, and uncertain prospects for the Federal Reserve's interest rates have driven the S&P 500 index to its worst two-week performance since the tariff turmoil in April last year. However, strategists from Goldman Sachs Group, Morgan Stanley, and J.P. Morgan pointed out that earnings growth and valuation support are still there, although the latter remains high, the degree is no longer as extreme as before. The Goldman team stated that they expect the S&P 500 index to eventually resume its uptrend, following the historical pattern of markets typically rebounding after geopolitical risk events. Ben Snider from Goldman wrote in a report: "Although the range of potential outcomes is wide, the macroeconomic headwinds in our base case forecast appear to have been digested by the market, the fundamental engine of earnings growth continues to operate, and although valuations remain relatively high compared to historical levels, they are much more reasonable than they were a few months ago."