I just finished speaking, by telephone, with President Vladimir Putin, of Russia. The call lasted approximately one hour and 15 minutes. We discussed the attack on Russia’s docked airplanes, by Ukraine, and also various other attacks that have been taking place by both sides. It was a good conversation, but not a conversation that will lead to immediate Peace. President Putin did say, and very strongly, that he will have to respond to the recent attack on the airfields. We also discussed Iran, and the fact that time is running out on Iran’s decision pertaining to nuclear weapons, which must be made quickly! I stated to President Putin that Iran cannot have a nuclear weapon and, on this, I believe that we were in agreement. President Putin suggested that he will participate in the discussions with Iran and that he could, perhaps, be helpful in getting this brought to a rapid conclusion. It is my opinion that Iran has been slowwalking their decision on this very important matter, and we will need a definitive answer in a very short period of time!
📈 Market Reaction:
SP500 🇺🇸
Before post: $5,980.50
Dow Jones 🇺🇸
Before post: $42,571.00
BTC
Before post: $105,208.87
ETH
Before post: $2,654.78
TRUMP
Before post: $11.02
CSI300 🇨🇳
Outside trading hoursSTOXX50 🇪🇺
Outside trading hours🤖 AI Thoughts:
Markets yawn at geopolitical theater, preferring incremental gains over dramatic headlines. SP500 edged up 0.03% in the first minute, climbing to 0.09% after 10 minutes, while Dow Jones mirrored this with a 0.04% initial bump before settling at 0.03%. BTC and ETH showed modest enthusiasm, with BTC rising 0.20% over 10 minutes and ETH bouncing between 0.06% and 0.13%. TRUMP, ever the loyalist, inched up 0.18%—hardly a standing ovation. Volatility was tame compared to historical reactions: past Putin-related posts triggered sharper swings, like BTC’s 0.56% spike on May 8 or TRUMP’s 1.18% rally on May 11. This time, markets treated the call like a rerun of a mildly entertaining soap opera. Nothing says "stable markets" like a nuclear deadline and a promised Russian retaliation, all digested with the excitement of a lukewarm cup of coffee.