Trading Day: Ceasefire sends stocks higher

ORLANDO, Florida, April 9 (Reuters) – U.S. stocks rallied on Thursday, with the S&P 500 and Nasdaq clocking their seventh daily gain, as investors shrugged off a rise in oil prices and pinned their hopes on the fragile U.S.-Iran ceasefire extending to Israel and Lebanon too. In my column today I look beyond the market euphoria uncorked by Tuesday’s announcement of the ceasefire, and outline why the economic, policy and geopolitical backdrop is still pretty sobering for investors. If you have more time to read, here are a few articles I recommend to help you make sense of what happened…