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Trump on War and Stock Market: Expected Greater Decline
On March 28, according to the WSJ, U.S. President Trump spoke at the ‘Institute of International Finance Priority Summit’ in Miami Beach, discussing the war with Iran that has lasted nearly a month. When addressing the impact of the war on the stock market, he stated that he originally expected the conflict to have a more significant impact on the market. He said, ‘I thought the decline would be greater.’ He also added, ‘I thought oil prices would rise higher.’ The WSJ noted that the S&P 500 index has fallen for the fifth consecutive week, reaching its lowest level since August of last year.