He also said some investors are still sitting on the sidelines, waiting for more clarity on the Middle East conflict before putting money to work — and that their eventual return could push prices higher.
The S&P 500 tagged its own record at 7,022, gaining 0.78%. Tech stocks as a group were up more than 2% on the day, according to data from Yahoo Finance.
– many said long war = long bear – but stocks bottom on bad news not “good”
A War Winding DownTrump stopped short of declaring victory. A deal, he made clear, has not been struck. But the tone was enough to lift investor confidence across both equity and crypto markets, with traders interpreting the comments as a sign that the geopolitical pressure weighing on risk assets could soon ease.
Bulls See Room To RunLee, known for his bullish market calls, pushed back against any suggestion that the recent rally has run out of steam. He posted on X that stocks tend to bottom on bad news — not good — making the case that the upward move has further to go.
His view is that the market and US economy have held up well despite the ongoing conflict, and that the conditions for continued gains remain in place.
Whether crypto leads equities or simply rides alongside them remains to be seen. But on Wednesday, at least, both were pointing in the same direction — up.
Featured image from MetaAI, chart from TradingView
