{"id":2503,"date":"2026-03-27T16:12:52","date_gmt":"2026-03-27T16:12:52","guid":{"rendered":"https:\/\/stock999.top\/?p=2503"},"modified":"2026-03-27T16:12:52","modified_gmt":"2026-03-27T16:12:52","slug":"the-big-stock-market-correction-that-trump-cant-talk-his-way-out-of-is-official","status":"publish","type":"post","link":"https:\/\/stock999.top\/?p=2503","title":{"rendered":"The big stock market correction that Trump can’t talk his way out of is official"},"content":{"rendered":"

<\/p>\n

The Iran war increasingly looks like the one instance where physical reality has outrun his ability to control the narrative.<\/p>\n

The Nasdaq 100 has now fallen over 10% from its peak, technically entering correction territory. The S&P 500 has been at a loss for five weeks, on pace for its longest streak of weekly losses since 2022. Brent crude, the global barometer of oil futures, has shot back up to near $111 a barrel, while West Texas Intermediate (WTI) crude, futures of oil based in Texas, is flirting with $97, threatening to tease $100.\u00a0<\/p>\n

On Thursday, Trump extended his deadline for striking Iran\u2019s energy infrastructure by 10 days, his second extension since issuing the original threat last Saturday. \u201cTalks are ongoing,\u201d he posted on Truth Social after the market closed, potentially hoping to stop the bleeding after the stock market slipped over fears of a ground confrontation in Iran imminently.\u00a0<\/p>\n

So far, the two sides haven\u2019t come to the table much, with Iranian officials publicly rejecting the ambitious-15-point ceasefire proposal delivered by the U.S. through intermediaries in Pakistan and countered with five unrealistic demands of their own, including sovereignty over the Strait of Hormuz.<\/p>\n

The post isn\u2019t having the \u201ctruth social effect\u201d on oil prices that Trump was hoping for, energy trader John Arnold posted on X. Traders are getting exhausted from the noise and have no sense of whether to trust that anything of what Trump says is true. It seems like the White House agrees, and on Friday, it launched (while poking fun of \u201claunches\u201d as a word used by outlets to describe the war) the official White House app, so folks can get news from Trump directly.<\/p>\n

Meanwhile, senior White House aides told MS NOW that Trump has grown \u201ca little bored\u201d with the conflict\u2014not regretful, they said, just ready to move on. A second official said the president has started shifting his focus toward the economy, domestic policy, and the midterm elections. The administration\u2019s public communications have tracked accordingly: official White House social media accounts have promoted the war effort with memes pulled from Iron Man, Top Gun, and SpongeBob SquarePants, and have taken to posting cryptic, eerie posts and videos over the last day or so to promote some unknown project.\u00a0<\/p>\n

Unlike the other conflicts, it takes both parties to back out of this war, and Iran\u2014with its supreme leader assassinated, military infrastructure decimated, and proxies scared\u2014has a desire to draw out the economic damage.\u00a0<\/p>\n

Until Thursday, markets have remained surprisingly resilient, keeping oil prices low throughout all the volatility. ECB President Christine Lagarde warned Friday that markets are \u201coverly optimistic\u201d about the conflict\u2019s fallout, calling it a shock \u201cprobably beyond what we can imagine at the moment.\u201d She pointed to second-order supply chain effects\u2014like helium shortages disrupting semiconductor production\u2014that investors haven\u2019t begun to price in. \u201cMost people are actually talking about years,\u201d she said.<\/p>\n

Not everyone shares that same sentiment. Nordic American Tankers CEO Herbj\u00f8rn Hansson told CNBC he expects the Strait of Hormuz to reopen within weeks, not months. \u201cThe ships that are trapped or in the Arabian Gulf will be out within a fairly short period of time,\u201d Hansson said. \u201cThat is my judgment based upon my experience of the past in similar situations.\u201d<\/p>\n

Torten Slok, Apollo\u2019s chief economist, also wrote on Friday that markets are \u201coverreacting\u201d to a period of short term volatility for the sake of longer term stability in oil markets and the supply chain. \u201cThe bottom line is that the Iran shock is not big enough to offset the strong tailwinds to the US economy from AI spending, the industrial renaissance and the One Big Beautiful Bill,\u201d Slok wrote.\u00a0<\/p>\n

But even as Hansson was making that case, Iran turned back two Chinese-owned container ships from the strait on Friday\u2014-vessels belonging to state-owned Cosco Shipping that made complete 180s. China has largely been spared from Iran\u2019s blockade, which Tehran said before was focused only on countries it views as aligned with the US and Israel. The fact that Beijing\u2019s ships are now getting turned away suggests the situation at the strait is becoming less predictable, not more.<\/p>\n

#big #stock #market #correction #Trump #talk #official<\/p>\n","protected":false},"excerpt":{"rendered":"

The Iran war increasingly looks like the one instance where physical reality has outrun his…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[245],"tags":[237,113,2833,518,5857,376,5858,33,813,2276,860,5859,91,5860,551,3810,721,684],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/2503"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2503"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/2503\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}