🔥The US-Iran ceasefire boosts market sentiment, Tom Lee says the US stock market's cyclical bottom may have been confirmed

On April 9, influenced by Trump's announcement of a two-week temporary ceasefire between the US and Iran, market risk sentiment quickly improved, and the three major US stock indices surged significantly. The Dow Jones Industrial Average rose over 1,300 points in a single day, marking its best performance in nearly a year; WTI crude oil futures plummeted by more than 16%. Fundstrat research head Tom Lee stated that the market has confirmed a cyclical bottom and is moving back toward historical highs. He pointed out that, despite previous oil price surges and escalating conflicts, the stock market did not experience a significant decline, demonstrating strong market resilience, and that the ceasefire has become a catalyst for sentiment reversal. He forecasts that the S&P 500 could rise to 7,300 points within the year, about 7.6% above the current level, and remains optimistic about the future performance of technology stocks, software, energy, and financial sectors. Among others…