U.S. markets have likely hit a bottom – analyst

Analyst Matt Powers says U.S. markets have likely hit a near-term bottom after a “textbook” V-shaped bounce following recent geopolitical turmoil. The Nasdaq’s 12-day win streak (its longest since 2009) and a sharp S&P advance highlight the recovery, but leadership is narrow — driven by five mega-cap tech names — leaving the rally’s durability in question. Key risks cited that could derail the rebound include oil-price swings, Federal Reserve policy shifts, and renewed geopolitical escalation. Overall, the note reads as cautious optimism: near-term bullishness tempered by concerns about breadth and policy/commodity risks.