IT’S long been a somewhat unseemly fact about financial markets: They, and the humans who make them whir, must be dispassionate when it comes to the affairs of the world.
Take the state of play right now: Equities are at record highs after a rally that added US$16 trillion in market value this year, oil is near the lowest levels of the last four years, and risk-taking abounds in everything from cryptocurrencies to meme stocks. Expected volatility in the US stock market is hovering around one-year lows.
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