🔥Wall Street "immunizes" itself from the US-Iran conflict, market focus shifts back to earnings reports and fundamentals

According to Jintiao, two months have passed since the outbreak of the Iran war, and although the situation remains unclear, Wall Street is gradually filtering out external noise. Since March 27, the S&P 500 index has rebounded nearly 10%, potentially marking its third consecutive week of gains. During the same period, the Nasdaq 100 index has risen about 12%, setting the longest streak of ten consecutive positive days since 2021. After a five-week decline triggered by US-Israeli airstrikes, traders have begun to ignore negative news from the Middle East and are once again aggressively buying stocks. Doug Peta, chief US investment strategist at BCA Research, stated that the stock market and the entire financial market do not seem to be overly concerned about the situation in the Strait of Hormuz. As the earnings season kicks off, company fundamentals are driving stock prices more strongly than headline news about Iran.…