If traders truly believed we were headed for a long period of disrupted flows and resurgent inflation, you’d expect the energy complex to lead and the rest of the market to grit its teeth. Instead, the market leaned “risk-on.” The consumer discretionary sector was the best performer of the day, soaring 2.24 percent, while the flight-to-safety consumer staples declined, inching down 0.73 percent. It means they are not buying the thesis that this is a straight-line trip from “war headline” to “bear market.” It means the market is—how to put this delicately—less impressed by the panic merchants than it was on Monday morning.
Author: John Carney
Published at: 2026-03-04 23:27:13
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