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Ray Dalio says markets are pricing in a quick end to the Iran war, but his 13-step world war cycle suggests they are badly mistaken and President Trump’s latest threats may be proving his point. Trump set an 8 p.m. ET Tuesday deadline for Iran to reopen the Strait of Hormuz, threatening Iran’s ‘Whole Civilization Will Die Tonight‘ if no deal is reached. For Dalio, that kind of escalation fits a pattern he has tracked across 500 years of history. What The Cycle Says In an article on X, the Bridgewater Associates founder laid out a 13-step sequence he says…
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