Why is S&P 500 and US Stocks Reacting Positively to Trump’s Hormuz Blockade?
The S&P 500 erased early losses and briefly turned constructive on April 13 because the US army started implementing a naval blockade of Iranian ports throughout the Strait of Hormuz. The intraday reversal stunned merchants. Equity futures had fallen sharply in a single day after President Trump introduced a blockade of the Hormuz blockade following…
