Today’s stock market is so overvalued that it won’t take much of a piece of straw to break the camel’s back — much less an economic or geopolitical shock from the Middle East. Compare the stock market’s valuation today with where it stood in October 1973,

Oil prices plummeted and global stocks surged following President Trump's announcement of a ceasefire between Israel and Iran, alleviating concerns about disruptions to global crude supply. The market's positive reaction stems from hopes for sustained peace and potential reduction in inflationary pressures,