Any significant impact on US equities from the latest geopolitical news, or is the market largely shrugging them off for now, focusing more on earnings and inflation data?
While earnings are a big driver, to say the market is 'shrugging off' major geopolitical news might be a bit dismissive. These events certainly create an underlying layer of uncertainty that can influence investor sentiment and allocation decisions, even if it's not a direct crash.
I think you're right, the market seems to be prioritizing earnings and inflation. Geopolitical events cause a brief dip, but unless it directly impacts the bottom line for major companies, it recovers quickly.