The Israel-Iran conflict has stretched into day five as both sides continue to trade strikes. While reports have circulated that Iran is ready to begin negotiations to end the violence and its nuclear program, the two sides continue to fight.
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In a new Truth Social post, President Trump has demanded “UNCONDITIONAL SURRENDER!” from Iran. In a previous post, Trump warned that the U.S. knows where Iran’s “so-called ‘Supreme Leader'” is hiding, although it won’t “take him out (kill!).” “Our patience is wearing thin,” warned Trump.
S&P 500 Shrugs Off Global War Fears
While the S&P 500 (SPX) is trading lower today, the damage to the market has been minimal. Since the start of the conflict on Friday, the SPX has actually inched higher. History has shown that this reaction isn’t exactly surprising.
Since 1940, the S&P 500 has a one-month loss of 1.1% following major geopolitical and historical events, according to Carson Research Chief Market Strategist Ryan Detrick. The three-month return is a gain of 0.3% and the six-month return is a 2.8% jump.
The S&P 500 is down by 0.44% at the time of writing.
