Axios
US · 13 mins ago
The world is crazy but stocks are up?
A markets mystery has perplexed some analysts this year: Why are stocks sitting near all-time highs while the global economy is rocked by geopolitical conflict and inflation pressures?
Why it matters: The usual retort is that the stock market is not the economy, but a new report from Moody's offers a more nuanced explanation:
Markets have adjusted to the new economic world order — you just have to know where to look.
How it works: You can see the change in bond markets, where government…
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