Stocks hit record highs. Roaring Kitty is moving markets. Crypto adverts are on TV. It’s like the past two years never happened.

The Dow closed above 40,000 for the first time on Friday, driven by signs of slowing inflation.

Keith Gill, the retail trading personality known as Roaring Kitty, tweeted for the first time in three years. The tweet didn’t say much, but it was enough to send GameStop’s shares spiking.

And with bitcoin hovering near record highs and the crypto winter seemingly behind us, crypto companies are on the front foot once more.

The market euphoria stands in stark contrast to what’s going on away from Wall Street.

War rages on in Ukraine and the Middle East. Consumers still feel downbeat about the economy. We’re headed for what’s likely to be a deeply contentious US election.

For now, investors are shrugging off those concerns.