MARKET CALL: Odds Of A Longer War Increasing As Trump Set To Declare Victory

Is the fog of war thinning or thickening? President Donald Trump has suggested that he is getting ready to declare victory. However, the Iranians have been at war with the US and Israel for 47 years and are showing no signs of ending it.

On Friday night, Trump posted on Truth Social that the US is "getting very close to meeting our objectives" and is considering "winding down our great Military efforts" against what he termed the "Terrorist Regime of Iran." Paradoxically, earlier that same day, he told reporters, "I don't want to do a ceasefire. You don't do a ceasefire when you're literally obliterating the other side." He seems to prefer a unilateral conclusion where the US stops because it has "won," rather than a negotiated truce.