I can be wrong but many people are so optimistic about long term growth of stocks. I am not saying they are wrong but s&p 500 is expensive based on the euphoric future estimation.
The geopolitical uncertainty can increase the probability the euphoric future might not come at all. I am so curious if people really buy stocks at current level after hearing the news in iran. The situation is so unpredictable, and the disruption can spark up the inflation again although the war can end within a month.
P.S. I know this is about stocks but personally this operation is falling apart due to the lack of stretegic goals. Killing or removing the leader is the easy job for the US military but there is no political agenda about the future relationship with Iran. I feel this war is lasting more than an year as the Ukraine war. I also think the US government is hinting about ground operation because it is the best option to minimize loss and secure the lead in the war. The government is just testing the response of the americans and allies before they start the ground operation.