What Did Trump Say on Tuesday that Soothed the Stock Market?

There was a panicky sell-off in the stock market on Tuesday as investors began to worry that the attacks in Iran would expand to a larger regional conflict. Just as alarming was the fact that shipping through the Strait of Hormuz had essentially come to a standstill. That was not due to Iran shutting down the narrow strait -- through which passes about 20% of global petroleum products -- but rather a voluntary halt in shipping as shippers were nervous about what could happen to them. Will AI create the wo ...