April 2, 2026

By Nigam Arora

To gain an edge, this is what you need to know today.

Positioning

Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

• The chart shows that the stock market has fallen back in zone 1 (support) in the early trade.
• The drop in the stock market is in reaction to President Trump’s speech.  President Trump did not say anything much different than what he had been saying – the Iran campaign will end soon and the U.S. will continue to bomb Iran for the next couple of weeks.