AXIOS (Emily Peck) - The world is crazy but stocks are up?
A markets mystery has perplexed some analysts this year: Why are stocks sitting near all-time highs while the global economy is rocked by geopolitical conflict and inflation pressures? Why it matters: The usual retort is that the stock market is not the economy, but a new report from Moody's offers a more nuanced explanation: - Markets have adjusted to the new economic world order — you just have to know where to look. How it works: You can see the change in bond markets, where government yields have risen across most advanced economies. In corporate bonds, investors have moved away from riskier debt. - And it's visible under the hood in the stock market, where certain sectors are struggling. - Software stocks have fallen this year,…