Peace talks are currently underway between Israel and Palestine and sponsored by the USA. It is more a reflection of global social mood. The fact they are engaged in talks reflects the positive mood emerging as the so called economic recovery continues. At this time the chances of breakthrough and success is higher than at other times. It also indicates where we are in the current business cycle.
This event taken in conjunction with other evidence (eg skyskyscraper theory) shows we are late in the cycle of waxing positive social mood and the resultant economic expansion that follows.