Bottom Line
April Week 3 (4/13–4/17) delivered a historic rally: a Hormuz blockade scare reversed within 24 hours, the S&P 500 broke 7,000 (4/15) and 7,100 (4/17) for the first time ever, and NASDAQ logged a 13-day win streak — the longest since 1992.
Reading depth
- Hormuz Blockade 24 Hours: Fear → Relief Snap-ReversalUS equities rallied even on the Hormuz blockade, snapping fear into relief within 24 hours. Saudi's pipeline normalization sent WTI from $105 to $92 in a day.Jump to section
- S&P 500 First-Ever 7,000 & 7,100 Back-to-BackThe S&P 500 broke 7,000 and 7,100 for the first time, back to back. TSMC and ASML shocks, rate-cut hopes, and Iran ceasefire expectations all worked at once.Jump to section
- NASDAQ 13-Day Win Streak: Longest Since 1992The Nasdaq logged 13 straight up days, its longest since 1992. It confirmed AI demand outweighs the cycle, but RSI at 78 raised near-term profit-taking risk.Jump to section
- TSMC & ASML Q1 Beats: AI Super-Cycle Re-ConfirmedTSMC's net income +58% and ASML's EPS beat gave hard proof of the AI supercycle. Both raised 2026 guidance, confirming the explosion in foundry and EUV demand.Jump to section
- Iran Declares 'Full Hormuz Opening': WTI Crashes to $82Iran's full Hormuz opening crashed WTI -9.6% to $82. Energy inflation pressure plunged, lifting the odds of a June Fed cut from 58% to 71%.Jump to section
- Week Ahead: 4/21 Truce Expiry & Framework DealNext week, the 4/21 truce expiry and framework deal are this cycle's watershed. NVIDIA GTC and the MAG7 earnings chain's AI capex guidance are the watch points.Jump to section