Fear of missing out outweighs risk aversion as the cost of hedging and selling insurance on US stocks plummets; analysts say the market has not yet turned fully bullish.

```htmlThis week, U.S. inflation data remained strong, with the annual inflation rate rising to its highest level in about three years. Meanwhile, conflicts have flared up again in the Persian Gulf region, and expectations that the Federal Reserve may maintain its tightening policy continue to build. Nevertheless, U.S. stocks have extended their longest weekly winning streak since 2023 and reached new record highs. Junk bonds rose, oil prices fell, and the cost of insurance against market sell-offs dropped sharply.```