The Art of the No-Deal: How Markets Trade on Imaginary Peace and Real Missiles

In the high-stakes world of global finance, there is a long-standing tradition of trading on “fundamentals.” You look at earnings, you analyze cash flow, and you check the macro-economic indicators. But in the year of our lord 2026, the only fundamental that seems to matter is the 3:00 AM notification from Truth Social. On Tuesday, March 24, the financial world once again proved that it doesn’t actually care if a peace deal is real, as long as it’s written in all-caps and promises a five-day weekend for the ...