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I'm Not Buying Tuesday's 'Hopium' Rally

NDAQ
Geopolitics & WarInvestor Sentiment & PositioningMarket Technicals & Flows

The NASDAQ rallied more than 3.8% — its best single-day gain since May last year — as equities surged to close a weak first quarter. Market participants moved into risk-on positions on hopes for a Middle East ceasefire, driving broad-based equity gains.

Analysis

The NASDAQ rallied more than 3.8% — its best single-day gain since May last year — as equities surged to close a weak first quarter. Market participants moved into risk-on positions on hopes for a Middle East ceasefire, driving broad-based equity gains.

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