The ASX200 finished the shortened Easter week up +4.4%, closing within 2.6% of this year’s all-time high. The writing was on the wall in the previous week as global equities extended their recent bounce, and in many cases rallying right into the Easter break showing no fear of what might unfold when markets were closed for 3-4 days. This week’s obvious catalyst was the last minute ceasefire announced on Wednesday morning AEST but the local market had already shown the path of least resistance, recovering ~6% from its March low before the news broke.