After the war in Iran weighed on stocks for nearly the entire month of March, major indexes are suddenly soaring.
The S&P 500 just posted its 10th gain in the last 11 sessions, and the Nasdaq Composite is up for the last 11 straight sessions. Both indexes set new all-time highs on Wednesday.
Investor sentiment has suddenly turned positive as the risks from the Iran war seem to have significantly faded following the announcement of a ceasefire and President Trump’s commentary, indicating that the war is nearly over.
The war was a shock to markets, and investors have good reason to celebrate its prospective end, but there’s a thornier issue at hand than just the geopolitical implications of the war.
This post originally appeared at The Motley Fool.