The S&P 500 surged on Wednesday, rising 1.05% to close at a record 7,137.90, as easing geopolitical fears and strong earnings lifted market sentiment.
However, the Polygon-based (CRYPTO: POL) Polymarket crowd is turning sharply bearish heading into Thursday. The April 23 market shows just about 13% of traders betting “Up,” with the majority expecting a lower open for the benchmark index.
Why That Number Matters
Wednesday’s rally pushed the S&P 500 to fresh all-time highs, extending a run driven by optimism around a ceasefire extension between the U.S. and Iran and a solid start to earnings season.
However, geopolitical tensions remain unresolved. Iran has signaled reluctance to engage in talks, while reports indicate seizures of container ships in the Strait of Hormuz, keeping concerns around global energy supply elevated.
At the same time, …
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