Why is S&P 500 and US Stocks Reacting Positively to Trump’s Hormuz Blockade?
BeInCrypto
The S&P 500 rebounded despite a US-led blockade of the Strait of Hormuz, driven by potential diplomatic breakthroughs and investor buy-the-dip strategies.Summary
On April 13, the S&P 500 experienced an unexpected intraday recovery after the US military began a naval blockade of Iranian ports in the Strait of Hormuz. While the blockade triggered an immediate rise in oil prices to over $104 per barrel, equity markets reversed initial losses. This resilience is attributed to reports that Iranian officials may consider abandoning uranium enrichment to end the conflict, alongside strategic advice from JPMorgan Chase to treat market pullbacks as buying opportunities for a potential V-shaped recovery.
(Source：BeInCrypto)