Forget the Charts, Trump Is the Market Mover Now
For the past few days, KOSPI’s crash and rebound was blamed for pulling PHLX and NASDAQ around. Today the report asks directly who is the market mover, and answers with one name, Donald Trump.
PHLX and KOSPI actually tracked each other almost exactly over the past year, PHLX up 120.10% and KOSPI up 122.91%, both peaking within days of each other in June. PHLX has already clawed back above its own Bear Market line near 11,686, while KOSPI is still stuck under its neckline. Meanwhile the Iran ceasefire MOU has now been broken for 12 straight days, with the US carrying out its 12th consecutive night of strikes.
Trump’s stated strategy is now blunt: for every tanker attacked in the Hormuz Strait, he bombs an Iranian bridge, aiming to strangle Iran’s economy since 90% of its military hardware is destroyed but the remaining mobile, hide-and-shoot 10% cannot be fully eliminated. Congress just passed a $95 billion budget mostly funding the Pentagon’s Iran campaign, with a slice earmarked for Trump’s midterm push on voter registration.
The bigger prize sitting under all of this is who actually controls the Hormuz Strait once the fighting stops, Iran charging tolls or the US enforcing free passage under the postwar High Seas Convention, because that answer decides whether oil settles back down or stays pinned over $100.
Stop watching Korea’s ETF and start watching Trump’s next strike. His decisions, not any chart pattern, are setting the price of oil and the market’s mood right now.
Full report available via the download button below. Read previous US Stock Express editions here.
US Stock Express 20260724 who is market mover
About the Author
Daniel Yue has been an active investor since 1980, with experience spanning stocks, currencies, futures, metals, and bonds. A scholar of the Chicago School of Economics, he holds a Certificate with Distinction from Cambridge University and a degree in International Trading from National Taiwan University. He served as Chief Analyst for over 30 years and Chief Mentor at Sincere Finance. In 2017, he received an award from the University of Arizona for financial internship leadership.
The analysis and opinions expressed in this article are for educational purposes only and do not constitute financial advice. Investing involves risk. Please consult a qualified financial advisor before making investment decisions.
About the Author
Daniel Yue has been an active investor since 1980, with experience spanning stocks, currencies, futures, metals, and bonds. A scholar of the Chicago School of Economics, he holds a Certificate with Distinction from Cambridge University and a degree in International Trading from National Taiwan University. He served as Chief Analyst for over 30 years and Chief Mentor at Sincere Finance. In 2017, he received an award from the University of Arizona for financial internship leadership.
The analysis and opinions expressed in this article are for educational purposes only and do not constitute financial advice. Investing involves risk. Please consult a qualified financial advisor before making investment decisions.