Investors who looked past the Iran conflict have won out over the bears who dumped stocks at the first sign of trouble at the end of February. The S&P 500 has reversed all its war-related losses in its second V-shaped recovery in 12 months, mirroring the pattern of last year’s Liberation Day.

The war between the U.S. and Iran, which began on Feb. 28, has now surpassed 100 days since its outbreak. U.S. President Donald Trump has repeatedly stated since the war’s start that “an agreement is imminent” and that the conflict is “entering its final phase.

Here are five key things investors need to know to start the trading day.