In the time it takes to walk from your car to your desk, President Donald Trump added $1.7 trillion to stocks and pushed the price of oil down by $17, or approximately 15%. By the time you got your coffee, Iran had reportedly called him a liar, and half those gains vanished.
This is the average Monday morning for a very market-oriented executive in the fourth week of war.
At approximately 7 a.m. ET, Trump posted in all-caps on Truth Social that the U.S. and Iran held “very good and productive conversations” over the weekend toward “a complete and total resolution” of hostilities in the Middle East. He ordered the Pentagon to pause all strikes on Iranian power plants and energy infrastructure for five days.
