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

ME News announcement, April 9 (UTC+8), after the impact of Trump’s announcement that the U.S. and Iran have reached a two-week temporary ceasefire, market risk sentiment quickly rebounded, and the three major U.S. stock indexes surged sharply. The Dow jumped more than 1,300 points in a single day, marking its best performance in nearly a year; WTI crude oil futures, meanwhile, plunged by more than 16%. Fundstrat’s research director Tom Lee said that the market has already confirmed a cyclical bottom and is starting to move back toward historical highs. He pointed out that, amid the prior backdrop of soaring oil prices and escalating conflict, the stock market did not show any obvious decline, indicating strong market resilience, while the ceasefire became a catalyst for the sentiment reversal. He expects the S&P 500 index could rise to 7,300 points within the year, still leaving roughly 7.6% upside from current levels, and he is optimistic about the subsequent performance of the technology, software, energy, and financial sectors. Among them, the “Big Tech Seven” is viewed as the core driving force behind this round of rebound. Multiple institutional investors also believe that as geopolitical risks ease and oil prices fall, the market is entering a “relief-style rebound” phase, alongside the approach of the earnings season, making it potentially a window to position on pullbacks. (Source: ChainCatcher)