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

April 9: Following former President Trump’s announcement of a two-week temporary ceasefire between the U.S. and Iran, market risk sentiment improved rapidly, driving sharp rebounds in the three major U.S. stock indexes. The Dow Jones Industrial Average surged over 1,300 points in a single session—its best one-day performance in nearly a year—while WTI crude oil futures plummeted more than 16%. Fundstrat Global Advisors Head of Research Tom Lee noted the market has confirmed a phased bottom and is on track to retest historical highs. He emphasized the stock market showed strong resilience, holding up despite prior spikes in oil prices and escalating tensions—making the ceasefire a catalyst for sentiment reversal. Lee projects the S&P 500 could climb to 7,300 points this year, implying roughly 7.6% upside from current levels. He’s bullish on the tech, software, energy, and financial sectors, with the “Magnificent Seven” tech giants seen as the core drivers of this rebound. Several institutional investors also expect the market to enter a “reassurance rebound” phase as geopolitical risks ease and oil prices decline. Combined with the upcoming earnings season, they view current conditions as a buying opportunity on dips.