Look Beyond Soaring Oil Prices! If a Stock Market Crash Takes Shape Under President Donald Trump, These 2 Catalysts Are Likely to Cause It.

During President Trump's first term, the Dow, S&P 500, and Nasdaq Composite rose 57%, 70%, and 142%, respectively. The S&P 500's Shiller Price-to-Earnings (P/E) Ratio has averaged between 39 and 41 for the last five months, indicating the second-priciest stock market in history, with historical data suggesting significant declines following similar valuations. Approximately 20% of the world's daily liquid petroleum needs pass through the Strait of Hormuz, which has faced disruptions due to military actions by the U.S. and Israel against Iran.