Gate News message, April 9, as the market risk sentiment quickly rebounded following Trump’s announcement that the U.S. and Iran reached a two-week temporary ceasefire, the three major U.S. stock indexes sharply rebounded. The Dow Jones Industrial Average (the Dow) surged by more than 1,300 points in a single day, posting its best performance in nearly a year; WTI crude oil futures, meanwhile, plunged by more than 16%. Fundstrat research director Tom Lee said that the market has now confirmed a cyclical bottom and is starting to move back toward historical highs. He noted that against the backdrop of the prior spike in oil prices and the escalation of conflict, the stock market did not show any obvious decline, indicating strong market resilience, while the ceasefire served as a catalyst for a sentiment reversal. He expects the S&P 500 index could rise to 7,300 points within the year, still leaving about 7.6% upside from current levels, and he is optimistic about the subsequent performance of technology, software, energy, and financials. Among them, the “Big Tech Seven” is seen as the core driving force behind this round of rebound. Multiple institutional investors also believe that as geopolitical risks ease and oil prices fall, the market has entered a “relief-style rebound” phase, and with the earnings season approaching, this could be a window for initiating positions on pullbacks.
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