The Australian – Beyond the stock rally: How top investors are preparing for a major market shift
China has supported a ceasefire in the Middle East and JD Vance made his first pilgrimage to meet with senior Iranian leaders. And while Donald Trump’s exit would inevitably be messy, and riddled with false starts, it seems reasonably safe to assume the process of ending the conflict began last month.
It seems the market received the brief. The ASX 200 is up almost 6 per cent from its March 23 lows, while the S&P 500 and the Nasdaq are up 11 per cent and 17 per cent, respectively, from their lows on March 30.
The remaining question for investors is what happens next.
This article was first published in The Australian on 24 April 2026.
We’re told that markets stop panicking when policymakers start panicking.