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Fortune

Jason Ma

Markets face triple threat of Iran war reigniting, AI bubble popping, and Fed rates rising while epic SpaceX IPO could fuel even more chaos

SpaceX US Federal Reserve Iran IPO United States Donald Trump Strait of Hormuz

(Credit: Wisam Hashlamoun/Anadolu via Getty Images)

Investors should buckle up for a bumpy ride as multiple risks have suddenly converged to test what looked like an unstoppable stock rally.

In just the last few days, the Iran war started heating up again, the AI boom showed signs of a bubble about to burst, and strong jobs data made rate hikes from the Federal Reserve more likely.

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