US-Iran Ceasefire Boosts Market Sentiment, Tom Lee Suggests US Stock Market May Have Found a Temporary Bottom

BlockBeats News, April 9th: Influenced by Trump's announcement of a temporary ceasefire between the US and Iran for two weeks, market risk sentiment quickly improved, and the three major US stock indexes rebounded significantly. The Dow rose over 1300 points in a single day, marking its best performance in nearly a year; WTI crude oil futures, on the other hand, plunged more than 16%.

Tom Lee, Head of Research at Fundstrat, stated that the current market has confirmed a phased bottom and is on its way back to historical highs. He pointed out that despite the previous surge in oil prices and escalating conflict, the stock market did not show a significant decline, demonstrating strong market resilience, with the ceasefire serving as a catalyst for sentiment reversal.

He predicts that the S&P 500 index may rise to 7300 points within the year, representing a further upside potential of about 7.6% from the current level. He is optimistic about the subsequent performance of the technology, software, energy, and financial sectors. Among them, the "Tech Seven Giants" are considered the core driving force of this round of rebound.

Several institutional investors also believe that as geopolitical risks ease and oil prices fall, the market is entering a stage of "reassurance rebound." Coupled with the upcoming earnings season, the current situation may present a buying opportunity on dips.