Expert: Market Seeks Substantial Progress Amid Hormuz Strait Uncertainty

IG market analyst Tony Sycamore commented on April 2, stating that while the general expectation was for tensions to continue cooling, recent days have indeed shown signs of this trend. According to Jin10, Sycamore noted that the trend persists, but the market is eager for more substantial progress. He expressed that the recent speech offered little novelty, with the Hormuz Strait remaining the biggest variable in everyone's scenario. Observing the stock market, Sycamore highlighted a typical 'buy the rumor, sell the fact' reaction, whereas the oil market exhibited the opposite response. Currently, the market faces two to three weeks of uncertainty.