A review of the US stock market performance on March 25

The US-Iran conflict continues, impacting the storage sector. JPMorgan has closed its short positions. Should we follow suit and bottom-fish? 🧐

Today, the S&P and Nasdaq indices surged then retreated, with trading volume significantly shrinking. Treat it as a rebound; there's no clear direction!

🛢️ Conflict Update
The US claims negotiations are ongoing, while Iran denies them. The news remains hard to verify, but what's confirmed is:
The war hasn't stopped. US ground forces are on standby. The Strait of Hormuz remains blockaded. Oil prices are fluctuating at high levels!

Looking at the US plan to hold a meeting in Pakistan this weekend to discuss a ceasefire plan, will there be any substantial progress? ~

JPMorgan
has shifted its view on US stocks from tactically bearish to neutral, closing its short positions.
Its report states: Unless the situation escalates, we expect the market to move sideways, but it seems more likely we will soon see decisive action, either towards a ceasefire or a new round of escalation.

If participating now, what is the corresponding trading strategy?
👉 If there's a ceasefire this weekend, then now is the bottom, and we should bottom-fish;
👉 If the situation doesn't ease or even escalates this weekend, then this is just a pause in the decline, with the S&P continuing to test 6100. We should hold cash and wait.

If bottom-fishing, what should we buy?
👉 For those with plans to increase positions in individual stocks, execute according to plan.
👉 For those without plans, don't randomly pick individual stocks. Prioritize index ETFs (VOO, QQQ, XLK, VGT, SOXX are all acceptable). Individual stocks are too random and uncontrollable.