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Stocks rallied on Monday because President Donald Trump postponed his 48-hour ultimatum on Saturday to "obliterate" Iran's power plants if the country doesn't fully open the Strait of Hormuz. Yesterday, he extended the deadline by five days, until Friday, while talks with Iran continue.
Investors and traders recall that stocks soared on April 9, 2025, an hour before the stock market closed after Trump postponed his Liberation Day tariffs. That morning before the stock market opened, Trump tweeted, "THIS IS A GREAT TIME TO BUY!!!DJT." It was great advice.
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