US-Iran Ceasefire a Sigh of Relief for Markets, Says Julian Emanuel

A two-week ceasefire between the U.S. and Iran was announced in April 2026, easing geopolitical tensions that had weighed on global markets for months. Julian Emanuel, Evercore ISI’s chief equity strategist, called the truce a "sigh of relief" for investors, reducing near-term risks of escalation and oil supply disruptions. The bull market that began in October 2022 remains intact, according to Emanuel, who expects further gains despite lingering macroeconomic uncertainties. Markets reacted positively to the de-escalation, with energy stocks stabilizing and risk assets rebounding as fears of a broader Middle East conflict receded. Emanuel’s analysis suggests the ceasefire, though temporary, provides critical breathing room for equities amid an otherwise volatile geopolitical landscape.