The Nasdaq has staged a remarkable turnaround in April, transforming from what was initially dubbed the “worst April for the stock market since the Great Depression” to posting gains for the month, a recovery that’s drawing attention from prominent market analysts.
What Happened: On Sunday, Tom Lee, Head of Research at Fundstrat Global Advisors, endorsed Treasury Secretary Scott Bessent‘s observation about the market’s resilience, describing the equity recovery as a “White House put” – suggesting government policies are providing a floor for market values.
“Equity recovery cannot be ignored,” Lee wrote on X, responding to Bessent’s post highlighting the dramatic shift in market narrative.
The S&P 500 index, tracked by SPDR S&P 500 (NYSE:SPY), has gained 10.89% since its April 8 low of 4,982, currently trading around 5,525. This recovery follows concerns over potential tariff impacts and recession risks that had previously shaken …