President Donald Trump Expected the Iran War to Drive the Stock Market "Down 20% to 25%" -- His Prophecy May Still Come True
Headwinds are mounting for a scorching-hot bull market.
Overview
Last week, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI) and broad-based S&P 500 (SNPINDEX: ^GSPC) soared to fresh all-time highs. Meanwhile, the innovation-inspired Nasdaq Composite (NASDAQINDEX: ^IXIC) reached uncharted territory in early June.
These all-time highs have been achieved despite mounting headwinds on Wall Street. Specifically, equities have launched to new highs with the Iran war still ongoing and trailing 12-month inflation clocking in well above the Federal Reserve's long-term target of 2%.
The Trump-led Iran war is complicating things for Wall Street. Image source: Official White House Photo by Daniel Torok.
Details
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.