Headache. Trump’s behavior yesterday was already confusing, and today it’s even more perplexing. On one hand, he says Iran is no longer capable and is begging for negotiations, even sending a big gift to Trump that would allow ten ships to pass through the Strait of Hormuz. But after saying that, he was called out by the entire internet. In the past 24 hours, it seems that even suspected paid ships haven’t all passed, though I guess Trump meant those ten ships would pass in stages.

Additionally, Iran not only shows no signs of seeking peace but also strongly insists on retaining its nuclear weapons. The coming days look tough. Trump has mentioned negotiations with Iran twice, even TACO’d once. Now that Iran is so tough, the market can no longer trust them. So even if Trump speaks well today, the market immediately drops, with the Nasdaq falling by 2%.