President Donald Trump has voiced his astonishment at the market’s resilience amid the ongoing war with Iran, contrary to his expectations of a significant downturn.
At the Small Business Summit on Monday, Trump said that he had assumed a 25% market slump as a result of the conflict with Tehran. He rationalized that the decline would have been “worth it” to counteract the risk of a nuclear-armed Iran.
Trump stressed that the Iranian regime should have been toppled “47 years ago”, a task that should have been executed by “many presidents or other countries.” Despite the war, he underscored that markets are hitting “new highs.”
Trump Stunned By Market Strength
Trump’s surprise at the market’s resilience echoes his comments to CNBC last month. He stated, “If you would have told me that the Dow is almost at 50,000, I’m looking at your screen right now, and that oil is at 90 instead of 200, I would have been frankly surprised.”
He further noted the adaptability of the market, …
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