Market Update & Perspective Podcast
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Market Update & Perspective Podcast
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What does the current environment mean for investors?
The premeditated Russia invasion has started a land war in Europe and is the first major invasion of a European country since World War II. On the negative side, the implications are certainly unknown, and the unintended consequences could be very serious. The old Cicero quote, used by Churchill in May of 1940 in a famous speech to Parliament, of the only thing that could be promised was “blood, sweat, toil, and tears” comes to mind. Oil prices are skyrocketing.
On the positive side, it seems like Russia’s invasion has solidified and possibly even united NATO’s and the European Union’s resolve to strengthen and support each other’s borders with help from the U.S. Help that consists of mainly economic sanctions on Russia, at this point. But, the U.S. and the other countries are also positioning troops and tanks in the Eastern NATO countries. If that continues, Russia could have a stronger and united foe.
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