Money Distilled

What Could Knock Markets Off the Wall of Worry?

Strong earnings and AI hopes continue to fuel investor enthusiasm, despite the Iran war.
Markets just keep going up.Photographer: Michael Nagle/Bloomberg
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Welcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.

The Iran war comes and goes as a concern, but away from the ups and downs of oil prices, stock markets are extremely strong. It’s all about blockbuster earnings and AI euphoria — but can it last? Merryn and I take a look at some potential lessons from history in this week’s market roundup. (Apple; Spotify).