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REDDIT

Perhaps the markets have just given up

S
Apr 20, 2026 · 16:33

Watching the weekend news about Iran and the strait and our capture of a ship and Trump's ever changing rhetoric, I totally expected to see Friday's gains erased today. But then the Nikkei was up 1% overnight (sliding to .6% by close) and I thought the market might just hold. Which, so far it is ... despite the newest gobbledygook from Trump that he's not going to extend the cease fire .... maybe the market is just exhausted from trying to react to the "war on, war off" whipsawing and will just ... stay flat until some actual resolution occurs.

lol. I know better, but it's nice to dream.

Meanwhile my attempt to buy into the ASTS inverse ETF failed given the gap up between last night's session and this AM's session. Too bad for me I didn't get in before 8PM ... the fund peaked up 17+% this AM. Ah well, hard to time the entrance into those leveraged funds. I'll just have to be happy with "flat" today.