Oil prices could still yet drive equities lower, says Capital Wealth's Kevin Simpson

• The market rally is broad, with S&P 500, Dow, Nasdaq, and Russell 2000 all moving higher, indicating a 'sigh of relief' among investors.
• Earnings season is off to a great start, with positive reports from companies like Taiwan Semi (AI trade intact) and Pepsi (strong consumer spending).
• Simpson initiated a new, higher-risk growth position in Tempus AI (TEM), a healthcare AI biotech, after its stock pulled back to the mid-$50s.
• He sold covered calls on American Express (AXP) with a $360 strike, aiming to monetize volatility and generate an annualized premium of +8%.

Kevin Simpson of Capital Wealth Planning discusses the current market rally, noting its broad nature beyond just tech stocks. While acknowledging positive earnings and economic data, he cautions against 'blind optimism' due to potential risks like oil prices and future earnings guidance. He also shares two specific investment moves: buying Tempus AI and selling covered calls on American Express.