Weekly Chartstopper: April 2, 2026

Weekly Chartstopper: April 2, 2026

This Week

Once again, developments in the Iran conflict moved markets this week — overshadowing most macro news.

The key developments in the Iran conflict this week were that:

  • President Trump said twice that the conflict would end in “two weeks, maybe three.”
  • Iran’s President Pezeshkian said he was ready to end the conflict, providing “essential conditions” were met.
  • President Trump said at different times that reopening the Strait of Hormuz was and was not necessary to end the conflict.

Given these signs that both sides are open to a near-term resolution, markets rebounded this week, with the Nasdaq-100® up 4%, while 10-year Treasury yields are down over 10 basis points to 4.3%.

Markets rebounded this week, with the Nasdaq-100® up 4%, while 10-year Treasury yields are down over 10 basis points to 4.3%.

Next Week

Here are the top events I’m watching in the next week:

  • Tomorrow: Nonfarm Payrolls (Mar.), S&P Services PMI (Mar.)
  • Monday: ISM Services PMI (Mar.)
  • Wednesday: Fed Minutes (Mar.)
  • Thursday: PCE Inflation (Feb.), Real Consumer Spending (Feb.), Real GDP (Q4, 3rd print), Jobless Claims
  • Friday: CPI Inflation (Mar.), UMich Consumer Sentiment (Apr. Prelim.)
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