In terms of news and sentiment resonance, the ceasefire combined with expectations of interest rate cuts resulted in a surge last night, but hold on, there's more to it.

Interest rate cuts are key, but the probability is low. The benefits of the ceasefire have already been priced in last night, and sentiment tends to follow market trends; it can only be considered a bonus, not the main factor.

Those looking to bottom-fish need to pay more attention.