The Kobeissi Letter says S&P 500 futures erased hundreds of billions during Trump’s Iran speech and argues markets expected de-escalation but heard escalation, while JaguarAnalytics and others mock the contradiction in the message.
S&P 500 futures erase -$550 billion in market cap in 25 minutes as President Trump delivers his address to the nation on the Iran War.
The entire market was expecting President Trump's address to the nation to be de-escalatory.
Instead, he said the war will continue until late-April
Tons of major news outlets reported the same information ahead of President Trump's address to the nation, sending markets sharply higher.
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