Sharing an unpopular opinion that's pretty close to the current market reality: The U.S.-Iran conflict and oil price control are, to some extent, still in the hands of the White House. Right now, the market assumes that Trump won't actually push the situation to the point of losing control. In other words, people subconsciously believe that Trump has a habit of talking tough, but when it comes to something that could truly hurt the economy or the midterm elections, he's very likely to pull back on his own. You could bet that Trump holds some put options, and when geopolitical and inflation risks reach a certain level, he’ll close his positions, end the so-called U.S.-Iran conflict, and shift his focus back to the economy. As a result, after the market weathers some major turbulence, it could suddenly rebound sharply. Combined with the Fed's rate cuts and liquidity injections, this would provide significant support for Trump's midterm election prospects.