Yung-Yu Ma from PNC warned that the worst-case scenario regarding the Iran war escalation has not yet been priced into the market. Meanwhile, investors hope for a rally similar to last April. However, indicators like the Buffett Indicator suggest a potential stock market crash in the U.S. due to slowing growth and geopolitical turmoil. Additionally, U.S. Treasury Secretary Scott Bessent stated that the Fed should adopt a wait-and-see approach before deciding on interest rate cuts.
