Stocks rose this past week despite Russia’s invasion of Ukraine—or perhaps because of it. The risk of an attack hung over markets for weeks, so the actual start of war may have shifted investors’ focus to the chances of a resolution. And some traders are clearly betting that the Federal Reserve will slow its tightening in response, giving riskier assets a chance to rise more.
The Nasdaq Composite led the market’s rebound, rising 1.1% on the week, as investors bet that tech stocks would outperform if the Fed is less aggressive....