Only 5% Off the Highs — Are Markets Ignoring the Risk?

Markets swing again as oil pushes toward $91 and the 10-year yield climbs, yet stocks remain just 5% below their pre-war highs. Mike Armstrong and Paul Lane ask whether investors are underestimating the geopolitical and energy risks in front of them.They break down:Why volatility hasn’t translated into deeper equity lossesThe deteriorating outlook for young and college-educated workersCFO warnings that AI is coming for administrative jobsWhy timing “the worst 10 days” in markets is a fantasyHow retirees should think about risk, guardrails, and portfolio disciplineA heated debate over home insurance, government backstops, and market distortionsA wide-ranging hour on market psychology, labor market stress, AI disruption, and what real risk management actually looks like.