Wall Street remains unfazed by inflation, tariffs, and conflict in the Middle East, displaying resilience in the face of threats. Despite escalating trade tensions, Bitcoin surged, stocks held near records, and retail traders took on risky bets. Investors appear under-exposed, fighting the rally with bullish optimism.

Traders show increasing resistance to market stress as global trade uncertainty rises, echoing pre-meltdown conditions in April. The S&P 500 closes near its record high, risk premiums fall, and volatility drops. Despite warnings of new tariffs, the market continues to shrug off negative news, suggesting a bullish outlook.

Wall Street’s “TACO” trade reflects faith that Trump will back down from tariff threats, supporting a strong economy. While some remain skeptical, the market confidence persists, challenging the notion of complacency. With record highs in tech and industrial stocks, the rally’s endurance is tested as investors seek tactical opportunities for growth.

Read more at Yahoo Finance: Battle-Hardened Wall Street Bulls Are Proving Very Hard to Scare