Supplement: Sentiment Turns
This is a blog supplement to capture the major news of the day. The prospect of a ceasefire in the Israel-Iran war has turned investor sentiment. The STI reversed direction and is now forming Wave 3 (blue) going upwards. Should the ceasefire hold, Wave 3 will rise substantially, given the length of Wave 1 (blue). Otherwise, Wave 2 has not finished and the correction will continue.