00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Markets rallied after President Trump announced a two-week ceasefire with Iran,
00:06driving a $1.5 trillion surge as oil fell 16% to below $100 per barrel and equities climbed.
00:12The Nasdaq rose 3.55%, the S&P 500 gained 2.7%, and the Dow increased 1,200 points, or
00:192.6%.
00:21Traders pointed to the taco trade, shorthand for Trump always chickens out, as the reversal
00:25triggered buying. A Reddit user on SmallStreetBets said they view Trump's reversals as
00:29predictable and reliable when making trading decisions. Wedbush analyst Dan Ives said the
00:34shift could boost tech stocks and create opportunities after more than a month of turmoil.
00:38He said the backdrop has created an oversold environment for major tech and AI names.
00:42The trade emerged after Trump paused Liberation Day tariffs, when the S&P 500 rebounded and
00:47retail investors deployed a record $3 billion. Glenn Mead's Michael Reynolds cautioned investors
00:52not to overextend the pattern and warned it may not always hold. For all things money, visit Benzinga.com.
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