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BCA Research's chief geopolitical strategist, Matt Gertken, warned that investors should not liken the current situation to Trump's "D-Day" because US President Trump is no longer able to fully control the situation in the Middle East. "The market believes that Trump can escalate tensions between the US and Iran, and then cool them down at the perfect time, like a conductor. But we may now be in a different situation, as Iran has been attacked, and their threshold for suffering is higher."