President Donald Trump Expected the Iran War to Drive the Stock Market "Down 20% to 25%" -- His Prophecy May Still Come True

The article argues that U.S. stocks may still face a sizable correction despite recent all-time highs in the Dow Jones Industrial Average and S&P 500. It says Iran-war-related inflation has kept fuel prices elevated, pushed core PCE stubbornly above the Federal Reserve’s 2% target, and increased the odds of further Fed tightening. The piece also warns that already-stretched valuations, with the S&P 500’s Shiller P/E nearing dot-com-era extremes, could leave the market vulnerable if growth slows or interest rates rise. The overall message is that geopolitical risk, inflation persistence, and rich valuations could combine to trigger a 20% to 25% decline in the broad market.