@Mkoh:In late February 2026, the United States and Israel launched airstrikes on Iran, igniting a conflict that quickly threatened the Strait of Hormuz, spiked oil prices, and sent shockwaves through global markets. As of mid-April, fighting continues amid fragile truce talks, while other wars—from Russia’s grinding invasion of Ukraine to the persistent Israel-Hamas conflict and civil wars in Sudan and Myanmar—rage on with no end in sight. Yet here we are: the S&P 500 has clawed back every loss from the Iran war’s opening salvos, sitting just a whisper below its all-time high around 7,000 and posting its best weekly gains in months. How is this possible? Wall Street, it seems, has a remarkable talent for compartmentalizing chaos. The market isn’t blind to the wars—it’s simply pricing in a fu