I am absolutely certain that the market is in for more pain, and if anyone has any semblance of logic, it is precisely because of TACO that more chaos is coming.

Firstly, it has been clear that the us president has been pulling this move to prevent markets from huge crashes. From the beginning of the war, multiple claims ranging from "the war has been won" to "the war will end soon" has been made and still the war chugs on. And it ALWAYS gives a lift to stock prices. Oil prices would have spiked harder if not for all the false dawns.

Secondly, as I have seen in reports, people have been placing very well-timed bets on various aspects of the war, whether it was for the old Iran leader's death, to oil prices, etc. If I was a betting man too, I would say it likely is insider trading with some level of ties to Trunp and his white house.

If all these does not prove that it is all market manipulation then I do not know what will. It is evident that markets are so easily distracted, like babies with object impermanence (Peek-a-boo! The war is suddenly not a factor! Oh look it is back tomorrow! Shucks!).

I do not know what sort of firepower the Usa has left, but assuming it really it is able to go the distance, then Iran knows that this is an existential crisis, at least for the top dogs, who have been making good money from corruption and exploitation of their people. This will result in these individuals who will fight tooth and nail to salvage their positions (if the regime falls, they are now powerless and their lives would not be safe). It is obvious that oil runs the world, and the impact oj the global economy has proven to the iranian bigwigs that this is indeed the lever they should tug at, almost like a hostage situation.

The donald may have chickened out again, but him claiming that there has been positive progress in talks seems extremely flimsy, so expect more crap to come. Considering gold has crashed spectacularly, maybe the next crash will be even bigger. It might just be time to buy the dips on the way down.