[Iran Conflict Breaks Through Portfolio Defenses, Wall Street Plunges into Turmoil] According to Golden Finance, on March 30, the market downturn triggered by the Iran war is evolving into a full-scale collapse on Wall Street. Efforts by various parties to mediate a ceasefire and restore Middle Eastern oil supplies have ultimately only led to further escalation of the situation, exacerbating market panic. The Nasdaq 100 Index plunged 1.9% in a single day on Friday, entering correction territory; the S&P 500 Index fell for the fifth consecutive week, marking its longest losing streak since 2022; bond prices dropped, pushing the benchmark 30-year U.S. Treasury yield close to 5%; Bitcoin prices also fell to nearly half of their pre-conflict peak.