"Global Turmoil Threatens Record US Stock Rally"

The record rally in US stocks is facing threats from the ongoing conflict in the Middle East, with companies and investors expressing concerns about the impact on earnings due to boycotts, supply chain disruptions, and rising geopolitical tensions. References to the Red Sea and geopolitics in earnings calls have surged, and expectations for S&P 500 profits are at a record high. The war's potential to affect corporate margins, inflation, and supply costs has led to worries about the sustainability of the stock rally, with some firms already experiencing negative impacts while others have seen increased demand. Shoppers in the Middle East and Muslim nations are boycotting major US brands, further impacting earnings, and the conflict shows no signs of abating.