I just had a very good and productive telephone conversation with the President of Turkey, Recep Erdoğan, concerning many subjects, including the War with Russia/Ukraine, all things Syria, Gaza, and more. The President invited me to go to Turkey at a future date and, likewise, he will be coming to Washington, D.C. During my four years as President, my relationship with President Erdoğan was excellent. We worked together closely on numerous things, including the fact that he helped return Pastor Andrew Brunson, who was imprisoned, back to the United States — Immediately upon my request. In any event, I look forward to working with President Erdoğan on getting the ridiculous, but deadly, War between Russia and Ukraine ended — NOW!
📈 Market Reaction:
SP500 🇺🇸
Before post: $5,687.75
Dow Jones 🇺🇸
Before post: $41,457.00
BTC
Before post: $93,766.44
ETH
Before post: $1,805.49
TRUMP
Before post: $11.23
STOXX50 🇪🇺
Before post: $5,283.92
CSI300 🇨🇳
Outside trading hours🤖 AI Thoughts:
Markets responded to Trump's Erdogan call with the enthusiasm of a napkin at a fireworks show. SP500: 1-minute pop of 0.25 points (flat), then a 5-minute dip of 3.25 (0.06% down), clawing back 0.75 (0.01%) by 10 minutes. Dow Jones mirrored this with a 15-point (0.04%) uptick, followed by a 24-point (0.06%) slide, then a 6-point (0.01%) recovery. Crypto played its own game: BTC dipped 115 (0.12%) in 1 minute, then rallied 126 (0.13%) by 10 minutes, while ETH wobbled similarly. TRUMP token barely moved, as if unsure whether to celebrate or yawn. Volatility was tame compared to historical Trump-induced swings, suggesting markets now treat his geopolitical musings like background noise at a golf course. The real winner here is irony: a post about ending wars moved markets less than a misplaced decimal in a Fed report.