The Market Brief
Hey team, the market is showing its uncertainty over escalating geopolitical tensions with a sell-off that began during the European session.
Let’s recap yesterday’s session and look at what’s next!
Macro Snapshot
U.S. stock index futures declined as escalating tensions between Russia and Ukraine dampened global risk appetite, prompting investors to seek out safe-haven assets.
On Tuesday, Russian President Vladimir Putin issued a stern warning to the United States, lowering the threshold for a potential nuclear strike.
This came shortly after reports emerged that President Joe Biden's administration had permitted Ukraine to launch American missiles deep into Russian territory.
The CBOE Volatility Index (VIX) briefly surged to its highest level since the U.S. election on November 5.
