Trump’s repeated public endorsements of Defense Secretary Pete Hegseth amid a short-lived Republican impeachment push explain the strong trader consensus against an insult by year-end. In recent days, the president praised Hegseth’s performance on the Iran and Venezuela operations, called his defense of those actions an “A plus, plus, plus,” and stated he has “every intention to keep him” in the role while attacking the resolution’s sponsor. House Republicans quickly shelved the articles, and Trump reiterated support during a Veterans Day appearance. With no reported private friction or criticism emerging in the past week and Hegseth framing his actions as direct execution of presidential orders, the current pricing reflects expectations of continued alignment through December.