Ryan Sean Adams

So I think we have just under six months before the midterms start to become – are here.

And, I mean, who knows what Trump is thinking?

I certainly don't.

But it's –

to be argued that there's no way that Trump wants the Iran war at all to be proximate to the midterms.

He doesn't want that.

Now, does Trump always get what he wants?

Yeah.

So S&P dropped, futures dropped by half a percent.

And now at the time of recording, the S&P has actually flipped green, marginally green.

So we are actually at the same stock market prices, at least in the S&P, as we were before the Trump speech.

I have a take on this, which is that the longer that the market has to digest the news, the news being the war, the whole entire Iran war, the more it kind of comes normalized.

And we saw this with the Liberation Day tariffs.

Markets reacted violently at the very beginning.

And every single time there was another tariff day tweet or posturing against China or announcement on further tariffs,

tariffs on China, the market reacted, but it reacted in a more muted fashion as time went on.

And I'm seeing that with Iran here too.

Like the market is reacting, but it's starting to shrug it off quicker and quicker and quicker.

And we all kind of remember what happened with the liberation day tariffs.

Like eventually the market just stopped carrying and then we went to new all-time highs.