Veterans are warning that the odds of a correction are rising amid stretched valuations and geopolitical risks. The global stock market rally may be running on borrowed time after a blistering momentum in 2025, with veterans warning that the odds of a correction are rising as stretched valuations collide with mounting geopolitical and policy risks.

Stocks dropped Tuesday, with the Nasdaq composite sliding 2. 4%, amid renewed trade tensions after President Trump's threat of new restrictions on trade with Europe.

Defense Stocks Boosted by U. S. Intervention in Venezuela as Geopolitical Risk Rises European defense companies jumped in early European trading after the U.