Trump says the war will end soon! Oil prices plummet, and the US stock market makes a surprising rebound

President Trump hints that the Iran war may end soon, leading to a surprising rebound in U.S. stocks and a sharp drop in oil prices. Bitcoin has returned to $68,000, Ethereum hovers around $2,000, and data from strategies like MicroStrategy and BitMine continue to buy coins. The Fear & Greed Index has also risen from “Extreme Fear” to “Fear.”

Trump says the war will end soon! U.S. stocks make a surprising rebound

In an interview with CBS, Trump stated that the conflict is nearly over, and military actions have progressed much faster than the initial expectation of four to five weeks, sparking a shift to optimism.

G7 finance ministers said they are prepared to take all necessary measures to support energy supplies, including utilizing strategic petroleum reserves. Meanwhile, according to Reuters, Trump plans to review a series of measures to curb oil prices, including restricting U.S. oil exports and waiving certain federal taxes.

Steve Sosnick of Interactive Brokers said that in the real world, issues like rising oil prices, inflation, and growth concerns are competing with FOMO (Fear of Missing Out) emotions, creating a tug-of-war that sustains potential demand in the stock market.

“FOMO is labeled as fear, but it’s actually greed, and I believe that relative to fear, greed remains very prevalent.”

The U.S. stock market still faces significant downside risk this year. Yardeni Research founder has raised the probability of a “market meltdown” in the U.S. stock market this year from 20% to 35%. At the same time, he has lowered the chance of a “meltup” driven by investor sentiment from 20% to 5%.

(Previously called for reducing tech stocks at the end of last year! Wall Street analysts raise the probability of a stock market crash this year to 35%)

Bitcoin back to $68K, MicroStrategy makes big Bitcoin purchases

Bitcoin has returned to $68,000, Ethereum hovers around $2,000, and the overall crypto market cap has increased by 2.69% to $2.34 trillion.

MicroStrategy, the pioneer of Bitcoin reserve strategies, bought 17,994 BTC worth $1.28 billion, while Ethereum reserve company BitMine purchased 60,976 ETH (worth $45.3 million). Meanwhile, the Fear & Greed Index has risen from “Extreme Fear” (15) to “Fear” (21).

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