Two sides could return to Pakistan by week’s end. Bearish themes that used to dominate simply aren’t present anymore.
Equity markets are looking strong month-to-date, showing solid momentum. We’re currently up about 5.5% for the month as of yesterday’s close, and roughly flat year-to-date at +0.5%. The last 10 trading days have been especially positive, driving renewed confidence among investors.
This recent rally suggests that risk–reward dynamics are becoming attractive again. Interestingly, the broader macroeconomic tone, which had leaned negative earlier, appears to be stabilizing.
BEARS need a catalyst to try to gain control again, if not the central tendency is UP
Even as crude oil and Brent prices continue to trade higher, sentiment in the market has improved from the March lows.
The latest geopolitical developments — including news that Trump is moving to close the Strait of Hormuz — have added tension to energy markets. Oil remains near recent highs, testing ranges seen since the large candle on April 8. Overall, the conversation seems to be shifting from conflict toward dialogue, which is helping shape a more balanced outlook which helps the price increase of SPX. It does not mean that prices will increase from here.
