US consumers will feel the pinch from the Iran war even if stocks and the dollar don't, a finance guru says

Motorists pump gas at a Murphy's USA gas station after a barrel of oil passed the $100 mark for the first time in four years.

Brandon Bell/Getty Images

• US stocks and the greenback are shrugging off the Iran conflict, but American consumers face pain.
• Finance professor Derek Horstmeyer flagged the risk of persistent inflation in a recent interview.
• AI companies might carve out niches, and bears should be careful betting against the boom, he said.

American consumers...