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CNBC's Cramer Forecasts Gloomy Wall Street After Trump's Iran Speech
Anchor says 'investors didn't get what they wanted to hear' from president's address escalating conflict
Apr. 2, 2026 at 2:35pm
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CNBC anchor Jim Cramer delivered a somber Wall Street forecast following President Trump's speech, acknowledging that investors were disappointed the president did not announce plans to wind down the ongoing conflict with Iran. Cramer said Trump's rhetoric about bombing Iran back to the 'Stone Age' suggested the war was far from over, contrary to expectations of a de-escalation.
Why it matters
Cramer's reaction reflects growing investor uncertainty and unease over the trajectory of the U.S.-Iran conflict, which has roiled global markets and raised fears of a wider regional war. The president's bellicose language dashed hopes that he would chart a path toward de-escalation, leaving investors unsure of what to expect next.
The details
In his speech, Trump vowed to hit Iran 'extremely hard' in the coming weeks and threatened to bomb the country back to the 'Stone Ages', suggesting an intensification of the conflict rather than a winding down as some had anticipated. Cramer said investors were betting Trump would announce a 'wind-down' of the war, but were left disappointed by the president's continued war rhetoric.
- President Trump delivered the speech on the evening of April 1, 2026.
The players
Jim Cramer
An anchor on the CNBC business news network who provides market analysis and commentary.
Donald Trump
The 45th President of the United States who escalated tensions with Iran during his term.
What they’re saying
“Look, investors didn't get what they wanted to hear last night. I think that it was pretty straightforward that there were a lot of people buying stocks, betting that this was going to be the official wind-down... Not more bombing.”
— Jim Cramer, CNBC Anchor
“We're going to hit them extremely hard over the next two to three weeks. We're going to bring them back to the Stone Ages [sic], where they belong.”
— Donald Trump
The takeaway
Cramer's gloomy forecast reflects growing investor unease over the unpredictable trajectory of the U.S.-Iran conflict under the Trump administration. The president's bellicose rhetoric dashed hopes of a de-escalation, leaving the market unsure of what to expect next and heightening concerns about the economic fallout from an intensifying regional conflict.
