To paraphrase JP Morgan banker Jamie Dimon’s advice to investors and analysts this week, everything is looking pretty good except for the possibility that something really bad could happen.
The stock market has largely recapitulated its pattern from past wars: sell the rumor, buy the news. The S&P 500 hit a new low on February 23, a day before the Russian invasion. Since then, it has increased by 167 points.
https://www.wsj.com/articles/why-the-ukraine-war-can-only-end-happily-for-the-stock-market-russia-invasion-crash-putin-11650058476 Why the Ukraine war didn’t crash the stock market
