The New York Times reported that Vice President JD Vance’s trip to Islamabad has been put on hold, Panik på Wall Street, hö hö hö
Equities wiped out an advance that had earlier put the S&P 500 on pace for a record.
Brent hovered near $98. Treasury yields rose alongside the dollar.
President Donald Trump said Tehran had “no choice” but to send a delegation to Pakistan.
The US is “ready to go” with a resumption of bombing if a breakthrough isn’t reached, he told CNBC.
Parliament Speaker Mohammad Bagher Ghalibaf said Iran would not “accept negotiations under the shadow of threats.”
Bloomberg 21 April 2026
Niall Ferguson: Markets are trading like the war is over
I asked why the outbreak of World War I—an event traditionally seen as having been heralded by a series of international crises—was not apparently anticipated by investors.
To investors such as the Rothschilds—supposedly the best-informed people in the world at that time, as their Wall Street counterparts are today—World War I truly came as a bolt from the blue.
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