Trump's increasingly unhinged tweets - part of strategy?
Matt Miller
Terry Wiseman
Could be strategy - conveying unpredictability may work to advantage in war.
First casualty of war is truth. Trump may intentionally mislead to make enemy think they're facing madman.
What do traders fall back on regarding war objectives?
Matt Miller
Terry Wiseman
Trump managing three actors: Iran, markets, and allies with different messages.
Bombing threats address Iran; 'don't care about Hormuz' addresses allies; reducing rhetoric addresses markets.
How much longer can we tolerate $110 oil?
Matt Miller
Terry Wiseman
Oil could go well above $120 to $150 if Hormuz stays shut.
Buffer from pre-war cargoes exists. Good news: Iran letting some cargoes through and peace negotiations may bring ceasefire.
Markets haven't taken much hit despite war - why?
Matt Miller
Terry Wiseman
Credit Trump for managing market expectations that war won't be long.
AI is actually good for market story. Markets believe war won't be protracted.