Why Are Markets So Sanguine About the Iran War?
Arguing with markets is risky. But it’s hard to square the state of the world with record highs.
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Welcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
It’s been a downright baffling week in markets. The disruption from the Iran war continues and yet stock markets are hitting fresh record highs.