Welcome to Yahoo Finance's flagship show, The Morning Brief. I'm Julie Hyman. Let's get to the three things you need to know today. First up, US stock futures pushing higher as Oracle shares surge after a blowout outlook in its latest earnings report. Equities are set to open at record highs again following the results, which offered a robust forecast for Oracle's cloud infrastructure business. Wall Street forecasters are now rushing to boost their outlooks for the S&P 500 amid renewed enthusiasm around the ...

Market Trends & Economic Outlook - The market experienced a V-shaped recovery since April, supported by solid economic data [2] - The Fed lowered its GDP forecast and raised its inflation forecast for the second time this year [2] - Investors anticipate some impact from tariffs, but it's largely discounted in the market [2] - The market is expected to be rangebound in the near term due to a lack of immediate catalysts [6] Investment Opportunities & Risks - Gold (GLD) has had a significant run, up over 26% year-to-date, but may experience a pullback in the near term [7] - Central banks are structurally shifting foreign currency reserves out of the dollar and into gold [9] - Emerging markets central banks have increased their gold buying by five times every year [11] - Cybersecurity (CIBR) is a secular theme, with the cybersecurity ETF outperforming the S&P [14] - Cybersecurity threats are expected to become more sophisticated and intense, making companies like Crowd Strike and Palo Alto core portfolio holdings [15] Geopolitical Factors - The Iran-Israeli conflict seems contained and is not expected to have a major market impact [6] - Russia's invasion of Ukraine in 2022 and the freezing of their $300 billion in foreign reserves prompted central banks to diversify into gold [10]

The Fed is likely to stick to its "wait-and-see" mantra at its policy meeting on Wednesday, setting it on a collision course with the president. https://t.co/9b4EUMyDzH ...