The U.S. stock market rose across the board in unison. After-hours trading saw an even sharper rally, driven by two ceasefire news catalysts. In just a few days, it may be able to wipe out all of the recent declines. At this moment, WTI crude oil futures plunged nearly 16% in a single day, and the market is responding to the easing of geopolitical risks in the most direct way.

The temporary ceasefire between Iran and the U.S. took effect on April 8, triggering a dramatic reversal across global markets.

Cryptocurrency: Risk appetite is bouncing back. Bitcoin (BTC) is up more than 3% to above $72,000. Ethereum (ETH) and multiple other coins are also broadly rising, and market liquidity has improved. This event reshapes short-term asset pricing: the oil market returns to fundamentals of supply and demand, while gold, silver, and crypto gain emotional support.

The extreme market volatility brought by this round of conflict in the Middle East has once again taught all investors a lesson: capital markets are always trading expectations, and true long-termism has never been about chasing short-term swings in sentiment. Instead, it is about staying rational in panic, and holding firm to discipline in frenzy. The Strait of Hormuz, as the lifeline of global energy, with its ever-changing fortunes pulls at the nerves of markets worldwide—and it also makes us deeply aware that the essence of investing is monetizing one’s understanding of the future.

As investors, we firmly believe that short-term geopolitical conflicts and market volatility never change the long-term value of quality companies, nor do they erase humanity’s eternal pursuit of peace. What can truly weather bull and bear markets is not a gamble on short-term events, but a profound understanding of industry trends and corporate value—along with the resolve to hold on to the fruits of long-term compounding through market ups and downs, and, even more, a steadfast hope for human peace.

The peace process in the Middle East still has uncertainties, but the road of investing is precisely about finding certainty amid uncertainty. Only by sticking to long-termism, embracing quality enterprises, and approaching history with reverence—can we protect humanity’s wish for peace and move steadily and far ahead through the ever-changing tides of the market.