From brinkmanship to TACO: Trump’s Iran pause triggers $1.5 trillion market rally |
From brinkmanship to TACO: Trump’s Iran pause triggers $1.5 trillion market rally
Five weeks of held breath just exhaled from the U.S. stock market this morning, and it was worth about $1.5 trillion.
The rally caps a frantic 24 hours. Trump set an 8 p.m. Tuesday deadline for Iran to reopen the Strait of Hormuz or face strikes on its bridges, power plants, and what he called its “whole civilization.” Pakistani Prime Minister Shehbaz Sharif spent the afternoon shuttling between Washington and Tehran, ultimately brokering the framework that became the ceasefire. Trump posted his acceptance on Truth Social with less than two hours to spare.
The truce is very tenuous, Vice President JD Vance admitted this morning. Reports have emerged that fighting continues, particularly on Israel’s part........