Geopolitical turmoil rarely shakes asset prices the way people expect. Recent tensions involving Iran, developments around Greenland, and turmoil in Venezuela have done little to rattle equity markets—and this pattern reveals something deeper about how modern markets function.

Investors operate with a cold calculus. They've learned through cycles that isolated regional conflicts, trade tensions, or political uncertainty don't necessarily translate into systemic economic damage. Markets price in probabilities rather than headlines. When a crisis seems contained, capital keeps flowing where fundamentals suggest it should.

This detachment isn't new. Back in 2022, surging geopolitical risks barely disrupted crypto or equity rallies. The market's indifference stems partly from central bank liquidity, partly from the fact that most traders are looking at quarterly earnings and Fed policy, not cable news.

The takeaway? Don't mistake headline volatility for market vulnerability. Assets move when the incentive structure changes—not every time the world feels uncertain.