Major funds are flocking to US Treasuries and AI concept stocks, betting that the most turbulent phase of the war is over.

Kellie Wood from Schroders made large purchases of short-term bonds, including US Treasuries, on Wednesday morning. Jupiter Asset Management Ltd. is also considering similar moves, and is planning to sell US dollars. These actions indicate that investors are cautiously believing the worst phase of the sell-off triggered by the Iran conflict six weeks ago may have passed. After the ceasefire announcement, oil prices retreated and the market is once again betting that the Federal Reserve will shift its focus back to interest rate cuts.