Market resilience is undergoing an epic strengthening: oil prices have broken through $100, the 30-year U.S. Treasury yield is nearing its highest level since 2007, mega-cap tech stocks are down nearly 6% this week, and the trade war is back with a vengeance. In the past, any one of the events above would have unsettled the market, but this week we’ve faced all four at once. Yet risk markets have responded to this with remarkable calm.