The first bit of the buy on the sound of cannons sell on the sound of trumpets trade has not triggered with a gap down. Maybe too early.
Really. So without Russia Ukraine, we'd be this far down regardless. So you are suggesting what? That the algos have not priced in all these geopolitical risks, and we're going to crash further no matter what happens in Ukraine? Nothing personal, but I hope you go bankrupt on that idea.
Oh, Biden and the Europeans will impose sanctions on Russia. It won't be much as oil is going up and Russia still supplies Europe's natural gas, 35% of it. Higher oil and natural gas prices favor Russia. Inflation in the US can only get worse from here.
I didn't say we are going to crash further, or even suggest this is a crash. Where I think it's going from here is another story.
Again markets hate uncertainty and that's all we have now between Russia and Ukraine and interest rates. Uncertainty every which way we look. Again everything can be simplified. First the fed doesn't have to wait until March to raise rates..just raise them 50 basis points and let's move on. Secondly everything about this Russia Ukraine situation is nothing but talk ... ...I believe all this talk would have become action by now.