The market reacts to President Trump's Iran threats

Watch on YouTube ↗  |  June 10, 2026 at 17:15  |  12:05  |  CNBC
Speakers
Liz
Jason Calacanis — Angel Investor / Founder, LAUNCH
Donald Trump — President of the United States

Summary

Markets fell amid escalating Iran tensions and higher CPI. Investment committee member Liz views the drop as a healthy bull market pause, while Jason expects a sector rotation into healthcare, financials, and industrials. President Trump asserts that oil prices will plunge once the conflict concludes.

  • President Trump confirms more attacks on Iran, extending the conflict.
  • Markets react negatively to war escalation and higher headline CPI.
  • Liz sees the sell-off as a healthy pause in a continuing bull market.
  • Jason expects a broadening rally led by healthcare, financials, and industrials.
  • Weiss notes broad selling without clear sector rotation and supply absorption.
  • Trump claims the US is taking millions of barrels of Iranian oil, keeping prices at $85-$90, and predicts a sharp drop post-conflict.
Ideas
Liz 1:16
Bull market pause to resume uptrend.
The market is undergoing a healthy pause within a continuing bull market. Breadth remains promising even on down days, capital is rotating away from extended names into other opportunities, and fundamentals have not changed, suggesting the uptrend will resume.
SPY MED
Donald Trump President of the United States 4:11
Oil to plummet after Iran conflict.
The US is destroying Iran's oil production, keeping prices at $85-$90 a barrel instead of $250. When the conflict ends, oil will plummet back to pre-war levels and gasoline will return to $1.85 per gallon.
WTI HIGH
Jason Calacanis Angel Investor / Founder, LAUNCH 9:20
Healthcare, financials, industrials set to lead.
The rally needs to broaden beyond semiconductors. Healthcare, financials, and industrials are expected to lead the advance going forward, making the market healthier over the next couple of months.
XLF XLV XLI MED
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This CNBC video, published June 10, 2026, features Liz, Donald Trump, Jason Calacanis discussing SPY, WTI, XLF, XLV, XLI. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Liz, Donald Trump, Jason Calacanis  · Tickers: SPY, WTI, XLF, XLV, XLI