Has Wall Street been bailed out so many times it can no longer price a crisis?

The U.S. is two months into its most consequential military operation since Iraq, highlighting a major geopolitical shock. Oil prices have surged more than 55%, and the IMF has lowered its global growth forecast, signaling a significant hit to the macro outlook. The combination points to higher inflation pressure, weaker growth, and broad market risk-off conditions.

Analysis

The U.S. is two months into its most consequential military operation since Iraq, highlighting a major geopolitical shock. Oil prices have surged more than 55%, and the IMF has lowered its global growth forecast, signaling a significant hit to the macro outlook. The combination points to higher inflation pressure, weaker growth, and broad market risk-off conditions.