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Story summary
- The S&P 500 reached a record high last week, surpassing pre-war levels despite conflicts in the Middle East and rising oil prices.
- Traders question optimism amid potential inflation, rising unemployment, and slowing growth.
- The article notes a paradox: market exuberance persists even as energy risks threaten spending and profits.
- Reuters journalist Joe Rennison analyzes the reasons behind the disconnect between market performance and global instability.