Apr. 18 at 2:40 PM
Stocks rallied hard after news that the Strait of Hormuz reopened, which helped ease war concerns and sent oil prices dropping quickly. With oil falling, the broader market moved higher, the S&P 500 hit a new record, and tech stocks led the way while energy stocks pulled back. Investors started taking on more risk again, which is why names like Robinhood, Oracle, and Coinbase saw big moves. Overall, it feels bullish since lower oil prices and reduced tensions are giving the market more room to continue higher.
$UCO $TQQQ $BOIL $SPY