Bulls vs Bears: EP115: if you say it enough times, it must be true
In one of the most remarkable market recoveries in recent memory, US stocks surged to fresh all-time highs this week, completely erasing the drawdown triggered by the US-Israeli war on Iran. The S&P 500 closed above 7,000 for the first time, while the Nasdaq 100 rattled off 12…
Markets defied the headlines this week, with US equities hitting all-time highs despite an active war, a naval blockade, and a Fed paralysed by conflicting inflation signals. Here's what drove the week: Market Rally S&P 500 broke 7,000 for the first time; Nasdaq surged +5.61% for the week on a 12-session winning streak Rally attributed largely to short covering and forced positioning — volume ran below YTD average for five straight sessions ASX 200 lagged at just +0.30%, weighed down by the banks Geopolitics US-Iran peace talks in Islamabad collapsed, with Trump declaring a full naval blockade of the Strait of Hormuz Markets shrugged it off — investors now treat each escalation as a negotiating tactic, not a genuine threat A 10-day Israel-Lebanon ceasefire was announced Thursday; ceasefire extension under discussion but no framework confirmed Key risk: markets are pricing peace, but Hormuz remains closed and Iran's oil waiver expires April 19 Earnings Wall Street's six largest banks posted a combined $47.3B in net income — record equities and trading revenues across the board TSMC delivered a 58% profit surge, confirming AI chip demand is unaffected by the war Despite record profits, banks cut 5,000+ jobs in Q1 as AI efficiency initiatives accelerate
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