Bob Elliott
· Nonconsensus
· April 08, 2026 at 10:45
· ⏱ 3 min read
| Read on Substack ↗
Summary
The author describes a broad market rally following the announcement of a two-week ceasefire. Financial assets have moved higher and oil has fallen, with markets now pricing in a quick resolution to the conflict with minimal lingering macroeconomic impact.
•A two-week ceasefire announcement caused a significant rally in most financial asset markets.
•In response to the news, oil prices fell across the curve.
•Markets have largely returned to their starting levels for the year or higher.
•The current market pricing suggests investors expect the conflict to be resolved quickly without lasting macro consequences.