Equities (April 22 – latest)
- S&P 500: ~6,735
- Nasdaq Composite: ~22,300
- Dow Jones: ~40,550
- STOXX Europe 600: ~590
- Nikkei 225: ~54,500
- Shanghai Composite: ~3,210
- Hang Seng: ~17,450
- TASI (Saudi): ~12,520
- MSCI ACWI: ~1,025
Observation:
Equities are moving higher, supported by relief flows, not broad conviction.
➡️ The rally is headline-driven, not structurally supported