Market dodges oil shock but rate trap remains set

Monday's market action provided a temporary reprieve, but analysts caution against interpreting it as a turning point. Oil prices retreated from recent highs driven by geopolitical tensions, allowing technology stocks to find bids. Risk assets broadly stabilized during the session.

However, the late-day fade in prices suggests that conviction remains fragile. The underlying rate trap is still set, implying that central bank policy expectations may continue to weigh on sentiment. The bounce was more relief than confirmation of a sustained recovery.