Is Wall Street growing accustomed to global catastrophes? “Whether it’s the threat of nuclear war, hurricanes, or Russian meddling, it seems nothing can unnerve investors bent on pushing the US stock market higher and higher,” says Bloomberg. Although market-moving events have been in no short supply this year, they seem to have had an inexplicably minimal impact on Wall Street. Brexit has been central to “the shift in market psychology,” serving as an example for investors on how to wait and see, rather than act immediately. Yet, “is the risk priced into the market appropriate to what the real risk is?” It may not be, says one analyst. “People have grown more complacent and certainly more speculative, and it’s a little bit frightening.”

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