New York —
If you’ve been paying attention to, like, the news, you may be tempted to see Wall Street’s Monday morning 180 from despair to euphoria as a sign that stock traders are all a bunch of rubes.
ICYMI: Over the weekend, President Donald Trump set a Monday night deadline for Iran to fully reopen the Strait of Hormuz, or else the US would start attacking Iranian power plants. But around 7:30 am ET Monday, two hours before US financial markets opened, Trump postponed that deadline by five days, citing “VERY GOOD AND PRODUCTIVE CONVERSATIONS”