Key insights
- Barclays suggests that the market's responsiveness to President Trump's pronouncements, particularly regarding geopolitical events and oil prices, is diminishing. This implies a reduced ability for the administration to influence equity markets through verbal interventions. The waning 'Trump put' could lead to increased market volatility and a greater reliance on fundamental economic factors.
- Barclays says that Trump's ability to talk down oil and maintain equity prices is fading. * The "Trump put," the president's ability to calm markets with announcements about the war, is losing its efficacy. * Headline fatigue and flip-flopping are weighing on investors as the war in Iran drags on.