The market is not efficient, it is delusional: Wall Street ignores higher inflation, tepid consumer confidence data amid ceasefire worries

The market is not efficient, it is delusional: Wall Street ignores higher inflation, tepid consumer confidence data amid ceasefire worries

The Street April 10, 2026

The U.S. is at war, but investors might have missed the memo. The stock market just had its best week since May 2025, buoyed by a “ceasefire” which has already been violated. Bombs are still falling, energy capacity in the region is still being damaged, and the Strait of Hormuz remains practically …