The US-Iran ceasefire boosted market sentiment, and Tom Lee suggested that a temporary bottom for US stocks may have been confirmed.

On April 9th, influenced by Trump's announcement of a two-week temporary ceasefire between the US and Iran, market risk sentiment quickly rebounded, and the three major US stock indices rebounded sharply. The Dow Jones Industrial Average rose more than 1,300 points in a single day, marking its best performance in nearly a year; WTI crude oil futures, however, plummeted by more than 16%. Tom Lee, Head of Research at Fundstrat, stated that the market has confirmed a temporary bottom and is now heading back towards historical highs. He pointed out that the stock market did not experience a significant decline despite the previous surge in oil prices and escalation of the conflict, demonstrating strong market resilience, while the ceasefire acted as a catalyst for the sentiment reversal. He predicts that the S&P 500 index may rise to 7,300 points this year, representing an upside of approximately 7.6% from current levels, and is optimistic about the subsequent performance of technology stocks, software, energy, and financial sectors. Among these, the "Big Seven" tech companies are considered the core driver of this rebound. Many institutional investors also believe that with the easing of geopolitical risks and the decline in oil prices, the market has entered a "relief-driven rebound" phase, coupled with the approaching earnings season, presenting a potential window for buying on dips.