US-Iran Ceasefire Boosts Sentiment, US Stock Market Bottom May Be Confirmed

US Stocks Soar as Trump Announces US-Iran Ceasefire, Oil Plunges 16%

Risk appetite roared back on April 9th after President Trump announced a two-week temporary ceasefire between the US and Iran. The Dow Jones surged more than 1,300 points in a single day—its best performance in nearly a year. WTI crude oil, meanwhile, plunged over 16%.

Fundstrat head of research Tom Lee said the market has now confirmed a阶段性 bottom and is moving back toward record highs. He noted that stocks barely budged during the earlier oil spike and conflict escalation, a sign of resilience. The ceasefire, he said, acted as a catalyst for a sentiment reversal. Lee expects the S&P 500 to hit 7,300 this year—about 7.6% above current levels—and is bullish on tech, software, energy, and financials. The "Magnificent Seven" tech giants are seen as the core drivers of this rebound.

Many institutional investors also believe that with geopolitical risks easing and oil prices falling, the market has entered a "relief rally" phase. With earnings season approaching, they see the current moment as a potential window to buy the dip.