Viewpoint: The current market is already a "Headline-Driven Market"

BlockBeats News, April 18th. The Suez Canal has "reopened", the Nasdaq rose for the 13th straight session to hit a new high, US oil plummeted, and gold and silver surged. Looking ahead, Matt Powers, Managing Partner of Powers Advisory Group, said the market may have already hit a short-term bottom, but the overall trend still heavily depends on external factors. Powers warned that the current market is still a typical "headline-driven market". The trend of oil prices, the pace of the Fed's policy, and changes in geopolitical situations could quickly alter market sentiment.

Powers pointed out that the rapid recovery of the US stock market indicates that the market's underlying trend remains solid, "reflecting a significant resilience to pressure". Powers emphasized that for the market to continue its upward trend, more sectors and individual stocks need to participate to enhance market breadth. At the same time, corporate earnings performance will be a key factor supporting the market. UBS strategists also stated that over the next year, there is still room for the US stock market to rise, thanks to strong corporate profit growth and a stable US economy. (The Paper)