Forget Tariffs, If Stock Market Crash Occurs Under Trump, These 3 Catalysts Will Be To Blame

Amid President Donald Trump's trade wars, the real story for Wall Street in 2026 is a tug-of-war between record-high valuations, a “messy” Federal Reserve, and a literal war in the Middle East. However, experts have told Benzinga that what looks like a bubble to some is simply “agility” to others.
Shiller PE Debate: Bubble Or ‘Corporate Progress‘?
The S&P 500 Shiller PE Ratio recently hit 40.74, as per LongTermTrends, its highest level since the Dot Com bubble. While history suggests a 20% correction often follows such heights, industry experts are divided on whether the metric still matters.
However, Arthur Azizov, CEO of B2BROKER, argues that tech giants like Microsoft Corp. (NASDAQ:MSFT) and Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) have proven their agility. “Shiller P/E doesn't take