Dow Jones hits new high + chips surge, this familiar script makes me want to add to my position, but the 70% chance of rate hikes in 2026 again holds me back.

U.S. stocks rose on Friday, with the Dow reaching a new all-time high, the S&P 500 extending its winning streak for 8 weeks, and the Nasdaq edging higher. Chip and quantum computing stocks led the gains, and the Philadelphia Semiconductor Index hit a new high. Expectations that tensions in the Middle East will ease boosted risk appetite; prospects for Iran negotiations look optimistic, and the U.S. may again consider military options. The situation in the Strait of Hormuz is stabilizing, with volatility in oil prices and U.S. Treasuries declining. Wosh officially took office as Chair of the U.S. Federal Reserve, emphasizing independence and reform; markets expect there is still a probability of rate hikes in 2026, nearing 70%.