SHA:688981.SH 27 November 2025

June 7, 2026, 5:11 AM EDT. Wall Street has thrived during President Donald Trump's terms, with the Dow, S&P 500, and Nasdaq rallying significantly. Key drivers include advances in artificial intelligence and quantum computing, along with record share buybacks and strong corporate earnings. However, emerging downside risks cloud the outlook. The ongoing Iran war and the resulting closure of the Strait of Hormuz disrupted global oil supply, triggering a spike in fuel prices. This energy shock is driving inflation higher, with forecasts suggesting U.S. inflation could reach 4.18% in May, up from 2.4% in February. Elevated inflation raises the likelihood that the Federal Reserve will increase interest rates, a move that could pressure an already expensive stock market, as indicated by the elevated Shiller Price-to-Earnings Ratio. These factors introduce a fresh catalyst that may spark a market downturn under Trump.