The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite seem to be floating somewhere in the clouds. War with Iran is apparently just a minor inconvenience. Inflation? Job losses? Oil spiking? Weak payroll numbers? Never mind — the market has decided none of that matters.
Even the famous “Magnificent 7” tech stocks have slipped from their highs, yet the indices are still partying as if everything is perfectly fine.
Oil is rising, jobs are weakening, and economists are quietly whispering about stagflation — but the apparent strategy remains: close your eyes, buy the dip, and hope the spreadsheet keeps going up.
Meanwhile, the next interest-rate cut might not arrive until around 2027 (according to expectations tracked by CME Group).
The level of complacency is remarkable. If denial were an asset class, Wall Street would already be at all-time highs.
U.S. Economic Outlook Cut by Goldman over the Iran War - and the Fear Goes Beyond Oil
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
