The wreckage hiding beneath the stock market’s record highs

Markets are at record highs despite headwinds including war risks, pricey oil, inflation pressure, a rise in global bond yields, and an AI-led selloff. The piece frames the rally as resilient or “bulletproof,” implying improving risk appetite rather than a specific catalyst.

Analysis

Markets are at record highs despite headwinds including war risks, pricey oil, inflation pressure, a rise in global bond yields, and an AI-led selloff. The piece frames the rally as resilient or “bulletproof,” implying improving risk appetite rather than a specific catalyst.