US-Iran ceasefire deal nears — ride the global stock rally as war fears fade
The US and Iran have tentatively agreed to extend their ceasefire by 60 days, raising hopes that the three-month conflict is winding down. Global stock markets are already rallying on the news.
Idea
Geopolitical tension has been a wet blanket over markets for months. A formal ceasefire extension would pull that blanket off, giving cautious investors a green light to deploy cash. Asian and European markets are already climbing, and one of Wall Street's most closely watched strategists — Citadel Securities' Scott Rubner — says the 'pain trade' is for stocks to keep surging higher because too many investors are still underweight. When a major risk shrinks and big players are caught leaning the wrong way, markets tend to grind upward for weeks as they reposition.