When will Trump stop the war against Iran? Wall Street strategists: US stocks need to fall at least 10%

Golden Ten Data March 5th｜This week, due to the attacks launched by the United States and Israel against Iran, global financial markets experienced severe shocks, especially with the US stock market seeing a significant decline at one point. Many investors are betting that as US stocks plunge, President Trump may back down on the issue of war, the so-called "TACO" trade. But to what extent must the decline reach before Trump finds it unbearable? Geopolitical expert and BCA Research's Chief Strategist Marko Papic stated that US stocks must fall hard enough for Trump to begin to restrain his war actions against Iran. The current decline may still be far from sufficient. Papic wrote in his report: "We believe the S&P 500 index must drop more than 10% to truly ensure the emergence of the 'Trump put.' We think this could happen earlier or later, and we remain open-minded overall. But a double-digit drop in US stock prices will undoubtedly have a greater driving effect."