Tennis Match in the Market

So I decided to not open any contracts this week as we waited for the 5 days of peace between Iran and the US. Today the market bled again, SPY was dragged down by -1.79%, this had a domino effect and pushed the majority of the sectors down.

What happened?

First, everyone was expecting the ceasefire to end tomorrow. This created certain pressures across the different sectors, if the striking plans were picked up, the oil prices would've continued to increase and inflation would've remained high. However, Trump extended the ceasefire until April 6, 2026.

As the news came after closing hours, we may see the XLE and XLF sectors take the lead tomorrow. However, given the extension, all the sectors might just be green as well.

Where it gets tricky, while the strikes were delayed, Trump also prepped to send ~10,000 ground troops to the middle east. This sounds like a game play and wanting for the right move before a strike. Is the strike going to happen? nobody knows.

The market this week feels like a tennis match. The leading sector place has been rotating across sectors this week, and we will continue to witness that this week.

Let's analyze the market tomorrow