Equity Markets Hold Near Record Highs Despite Iran War and Hormuz Crisis
📈 MARKETS — Stocks near record highs while diesel hits $102. Something doesn't add up. 📌 LOOK CLOSER: Equity resilience during active war signals AI-sector flows are overriding energy shock repricing. But this decoupling is fragile: diesel at $102 crack spread hits freight and food costs within weeks, compressing corporate margins. When CPI lands, the lag closes fast. Markets pricing AI upside while ignoring war downside is the setup for a disorderly correction.
