I shorted ES just before market halted thinking, "Eh, it's only 5 hours, what could happen." Putin signed and market opened up about 25 points down. Thankfully I was on the right side of history. Wouldn't of been a huge ordeal if I'd been on the other side, but I'd have been upset at a loss outside of my own trading.
If they impose sanctions that will most certainly cause Putin to retaliate by raising global energy prices which will certainly increase inflation woes in America. I think things could get pretty ugly, but that's just my opinion.
We are at the point of energy and oil prices inflicting economic woes. Teetering on 100 and there after will cause goods and services to continue to rise all while the consumer feels the pinch. Talk of 120 130 even 150 oil is now being played as a possibility. 150 oil and watch for a long recession. But I believe a recession would keep oil prices under pressure as now the fed is done or hopefully done with their lame garbage pathetic trillion dollar handouts. The economy is hopeless without the fed and it will be proven soon.
Yes they have been down 500 for a few hours now on the same news as everyone already knew. Russia and Ukraine tensions. Nothing new.
If it was the same news everyone knew, why is it down 500 points? Wouldn't it be flat? And why tomorrow will it be down 500 points, since all the bad news is "priced in"?
No way Putin tolerates sanctions when he has his own array of economic weapons to use very effectively, against the US and Europe, starting with higher oil and natural gas prices. That alone will spike inflation, hurting the economies of the US and Europe. In addition, I see Russia moving closer to Iran, North Korea and encouraging them to develop their missile capabilities and maybe, even assisting them. China could very well invade Taiwan now, seeing how inept Biden and NATO are.