Stocks Soar to Finish Quarter as Dillusional “Peace” Narrative Pushed

MPC Markets Morning Call · Mar 31, 2026 · 7m

Tuesday’s market euphoria was driven by two converging headlines: Iran’s President Pezeshkian said the country has the “necessary will to end this war” with guarantees, and the WSJ reported Trump told aides he is willing to end military operations even if Hormuz remains closed. The S&P 500 gained 2.9%, the Nasdaq Composite added 3.8%, and the Dow rose 2.5% — the biggest day for all three since the war began on February 28. The NYSE Tick Index hit an all-time high of 2,329. Yet the scepticism is warranted: Iran’s stated conditions are largely recycled from early March, the IRGC announced it…