Markets Tumble On Ukraine Tension
Published / Last Updated on 18/02/2022
Markets tumbled across the globe today as tension between the USA and Russia builds. President Biden has already suggested it is inevitable that Russia will invade Ukraine.
In the UK, Boris Johnson in additional echoing Biden has also suggested that Russia is looking for any excuse or provocation to invade.
Telecoms and technology suffered as well as oil stocks.
In the meantime, the US is in discussions with OPEC countries in the Middle East to make provision for addition fuel supplies of Russian and of course Ukraine gas supplies are cut to the West.
Comment
We believe markets may fall by more than 5% on invasion but we are going to hold and use any larger falls as a time for opportunity investment (see this week's video).
Many investors have started to move to safe havens today such as cash and gold plus other precious metals.