BlockBeats News, April 15: After more than a month of the Middle East conflict, the US stock market has completed a V-shaped rebound. Since March 27, the S&P 500 index has rebounded by nearly 10%, poised to mark a third consecutive week of gains. During the same period, the Nasdaq 100 index has risen by about 12% and set a record for the longest winning streak since 2021. After five weeks of decline triggered by US-Israel airstrikes, traders have now begun to ignore the negative news from the Middle East and aggressively buy stocks again. Rich Privorotky, head of Goldman Sachs’ Delta One desk, pointed out: “The market seems to have already declared victory in the ‘war’ with Iran, even though the conflict itself has not truly ended.”
Ethereum treasury company BitMine’s Chairman Tom Lee said, “The reason the stock market remains resilient is that even in the face of war, the economy is actually performing better than expected.” He believes, “The market is very good at digesting outcomes in advance. The current rise in the stock market means that the market is pricing in a favorable outcome, although I can’t clearly explain the specific reasons, but that’s the signal the market is sending.”
Doug Peta, Chief US Investment Strategist at BCA Research, said, “The stock market and even the entire financial market don’t seem to be so worried about the situation in the Strait of Hormuz. As the earnings season kicks off, corporate fundamentals are more powerfully driving stock prices compared to the headlines about Iran.” Senior strategist Ed Yardeni pointed out that the market is learning to “coexist” with a war with Iran and is maintaining the judgment that the S&P 500 index bottomed on March 30.
In the latest news, US President Trump said the Iran conflict is “coming to an end.” According to Fox News, in a recent interview, Trump said regarding the future development of US-Iran relations: “We will see what happens next. I think Iran would like to make a deal now.” According to the New York Post, Trump said negotiations could “begin within the next two days” in Pakistan. This would build on the basis of the long but unproductive talks held last Saturday night in Islamabad.
Impacted by Trump’s remarks, according to Bitget data, WTI crude oil plummeted by 4% intraday. The Japanese and South Korean stock markets opened higher today, with the Nikkei 225 index opening up 0.71%, breaking through 58,000 points for the first time since March. The South Korean KOSPI index opened up 2.98%, at 6145.62 points.
