Markets keep shrugging at crisis risks as faith in bailouts grows: NYT

Wall Street is largely shrugging off the Iran conflict: despite weeks of escalation, ceasefires and volatile oil prices, U.S. equities have shown little sustained concern and continue to trade higher. The piece argues this indifference reflects faith in policy backstops, but warns traditional tools (Fed cuts, fiscal stimulus) are constrained by inflation and government debt. It highlights a risk that heavy market reliance on AI — which requires substantial electricity and semiconductor supply chains — could amplify vulnerability if energy or chip disruptions follow geopolitical shocks. Overall, the article is a market commentary on resilience amidst geopolitical and policy risks.